https://www.taxtmi.com/caselaws?id=461516 The ITAT Delhi dismissed the revenue's request for a Special Bench reference regarding TP adjustments on domestic transactions after omission of Clause (i) of Section 92BA. Following precedent from Karnataka HC in Taxport Overseas case and coordinate bench decision in DLF Urban case, the tribunal held that no transfer pricing adjustments could be made on domestic transactions post-omission of the clause. The assessee's appeal was allowed, and the impugned order was set aside as legally unsustainable. en-us Fri, 06 Sep 2024 00:00:00 +0530 Thu, 10 Apr 2025 19:26:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461516 The ITAT Delhi dismissed the revenue's request for a Special Bench reference regarding TP adjustments on domestic transactions after omission of Clause (i) of Section 92BA. Following precedent from Karnataka HC in Taxport Overseas case and coordinate bench decision in DLF Urban case, the tribunal held that no transfer pricing adjustments could be made on domestic transactions post-omission of the clause. The assessee's appeal was allowed, and the impugned order was set aside as legally unsustainable. Case-Laws Income Tax Fri, 06 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461516