https://www.taxtmi.com/caselaws?id=463302 ITAT KOLKATA - AT held that transfer pricing adjustment under section 92BA cannot be sustained for a domestic transaction covered by section 40A(2)(b) for the relevant assessment year, as the statutory provision enabling reference to the TPO was omitted by the Finance Act, 2017 and must be treated as never having existed for that year. Consequently the Tribunal deleted the ALP adjustment and allowed the assessee's grounds, finding no addition on account of TP adjustment sustainable. en-us Fri, 16 Dec 2022 00:00:00 +0530 Fri, 22 Aug 2025 20:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463302 ITAT KOLKATA - AT held that transfer pricing adjustment under section 92BA cannot be sustained for a domestic transaction covered by section 40A(2)(b) for the relevant assessment year, as the statutory provision enabling reference to the TPO was omitted by the Finance Act, 2017 and must be treated as never having existed for that year. Consequently the Tribunal deleted the ALP adjustment and allowed the assessee's grounds, finding no addition on account of TP adjustment sustainable. Case-Laws Income Tax Fri, 16 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463302