https://www.taxtmi.com/caselaws?id=771048 ITAT Chennai dismissed revenue's appeal regarding transfer pricing adjustment under Section 92BA clause (1) for specified domestic transactions. Following ITAT Kolkata precedent in DVC Emta Coal Mines Ltd., the tribunal held that Finance Act 2017's omission of the sub-clause rendered it as never existing in statute. Consequently, Assessing Officer's cognizance under Section 92CA was invalid, making TPO and DRP orders unsustainable. CIT(A)'s deletion of addition was upheld based on judicial precedents. en-us Thu, 15 May 2025 00:00:00 +0530 Tue, 20 May 2025 08:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771048 ITAT Chennai dismissed revenue's appeal regarding transfer pricing adjustment under Section 92BA clause (1) for specified domestic transactions. Following ITAT Kolkata precedent in DVC Emta Coal Mines Ltd., the tribunal held that Finance Act 2017's omission of the sub-clause rendered it as never existing in statute. Consequently, Assessing Officer's cognizance under Section 92CA was invalid, making TPO and DRP orders unsustainable. CIT(A)'s deletion of addition was upheld based on judicial precedents. Case-Laws Income Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771048