https://www.taxtmi.com/caselaws?id=758289 The HC dismissed the writ petition challenging the reference made under Section 92CA of the Income Tax Act, emphasizing that the petitioner had adequate remedies under the Act, such as appeals to the Dispute Resolution Panel and ITAT. The court found no prejudice caused by the reference and ruled that the Instruction No. 03/2016 and Risk Parameters are not mandatory for the AO's statutory power to refer to the TPO. Consequently, the invocation of Article 226 was deemed premature, leading to the petition's dismissal. en-us Wed, 22 May 2024 00:00:00 +0530 Wed, 11 Sep 2024 09:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758289 The HC dismissed the writ petition challenging the reference made under Section 92CA of the Income Tax Act, emphasizing that the petitioner had adequate remedies under the Act, such as appeals to the Dispute Resolution Panel and ITAT. The court found no prejudice caused by the reference and ruled that the Instruction No. 03/2016 and Risk Parameters are not mandatory for the AO's statutory power to refer to the TPO. Consequently, the invocation of Article 226 was deemed premature, leading to the petition's dismissal. Case-Laws Income Tax Wed, 22 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758289