https://www.taxtmi.com/caselaws?id=771590 The ITAT Delhi held that transfer pricing adjustments under section 92BA for specified domestic transactions cannot be made when the reference to the Transfer Pricing Officer (TPO) was made after 01.04.2017. The court found that clause (i) of section 92BA was omitted by the Finance Act, 2017, effective from that date, rendering such references invalid and bad in law. Following coordinate bench decisions in DLF Urban Pvt. Ltd and SMR Automotive Systems cases, the tribunal ruled that the omitted clause should be considered as never having been part of the statute, deciding in favor of the assessee. en-us Wed, 16 Apr 2025 00:00:00 +0530 Wed, 28 May 2025 08:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771590 The ITAT Delhi held that transfer pricing adjustments under section 92BA for specified domestic transactions cannot be made when the reference to the Transfer Pricing Officer (TPO) was made after 01.04.2017. The court found that clause (i) of section 92BA was omitted by the Finance Act, 2017, effective from that date, rendering such references invalid and bad in law. Following coordinate bench decisions in DLF Urban Pvt. Ltd and SMR Automotive Systems cases, the tribunal ruled that the omitted clause should be considered as never having been part of the statute, deciding in favor of the assessee. Case-Laws Income Tax Wed, 16 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771590