https://www.taxtmi.com/caselaws?id=461960 The omission of section 92BA(i) was treated as removing the statutory basis for a reference to the Transfer Pricing Officer in respect of specified domestic transactions, so the reference could not survive and the transfer pricing adjustment made on that footing was unsustainable. The expenditure question was not finally decided on transfer pricing principles and was instead required to be examined independently under section 40A(2)(b) of the Income-tax Act, 1961. The matter was therefore restored for fresh consideration on that limited issue, while the TPO reference and resulting adjustment were invalidated. en-us Wed, 15 Feb 2023 00:00:00 +0530 Sun, 11 May 2025 11:50:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461960 The omission of section 92BA(i) was treated as removing the statutory basis for a reference to the Transfer Pricing Officer in respect of specified domestic transactions, so the reference could not survive and the transfer pricing adjustment made on that footing was unsustainable. The expenditure question was not finally decided on transfer pricing principles and was instead required to be examined independently under section 40A(2)(b) of the Income-tax Act, 1961. The matter was therefore restored for fresh consideration on that limited issue, while the TPO reference and resulting adjustment were invalidated. Case-Laws Income Tax Wed, 15 Feb 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461960