https://www.taxtmi.com/caselaws?id=460660 The Tribunal ruled that the omission of clause (i) of section 92BA by the Finance Act, 2017, rendered any adjustments made to the appellant's transactions with associated enterprises invalid. The Tribunal concluded that the omitted clause should be treated as if it never existed, thereby invalidating the reference to the Transfer Pricing Officer and subsequent adjustments made to the purchase price in the assessment order. The appellant's appeal was allowed, and the impugned order was quashed, based on the principle that actions under an omitted provision are void. en-us Fri, 08 Sep 2023 00:00:00 +0530 Sat, 08 Feb 2025 16:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460660 The Tribunal ruled that the omission of clause (i) of section 92BA by the Finance Act, 2017, rendered any adjustments made to the appellant's transactions with associated enterprises invalid. The Tribunal concluded that the omitted clause should be treated as if it never existed, thereby invalidating the reference to the Transfer Pricing Officer and subsequent adjustments made to the purchase price in the assessment order. The appellant's appeal was allowed, and the impugned order was quashed, based on the principle that actions under an omitted provision are void. Case-Laws Income Tax Fri, 08 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460660