https://www.taxtmi.com/caselaws?id=765647 The HC held that whether incurring an obligation by giving an undertaking constitutes an international transaction under Section 92B is a matter for the TPO/AO to examine. Finding the Tribunal's remit unclear and overly broad, the court remanded the matter to the AO with directions that the sole issue to be determined first is whether the undertaking amounts to an international transaction; only if answered affirmatively may consequential transfer pricing adjustments be considered. en-us Wed, 29 Jan 2025 00:00:00 +0530 Fri, 10 Jul 2026 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765647 The HC held that whether incurring an obligation by giving an undertaking constitutes an international transaction under Section 92B is a matter for the TPO/AO to examine. Finding the Tribunal's remit unclear and overly broad, the court remanded the matter to the AO with directions that the sole issue to be determined first is whether the undertaking amounts to an international transaction; only if answered affirmatively may consequential transfer pricing adjustments be considered. Case-Laws Income Tax Wed, 29 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765647