https://www.taxtmi.com/caselaws?id=464313 ITAT Mumbai (AT) held that transfer-pricing adjustments under section 92BA(1) could not be invoked for AY 2013-14 after the provision was omitted, and directed the AO to re-examine allowance of the expenditure under section 40A(2). The Tribunal remanded the disallowance of loss on high-seas sales of crude palm oil for de novo adjudication, finding the AO used incorrect figures and ordering the assessee to supply supporting details. The appeal by the assessee was allowed for statistical purposes. en-us Thu, 31 Aug 2023 00:00:00 +0530 Fri, 17 Oct 2025 19:17:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464313 ITAT Mumbai (AT) held that transfer-pricing adjustments under section 92BA(1) could not be invoked for AY 2013-14 after the provision was omitted, and directed the AO to re-examine allowance of the expenditure under section 40A(2). The Tribunal remanded the disallowance of loss on high-seas sales of crude palm oil for de novo adjudication, finding the AO used incorrect figures and ordering the assessee to supply supporting details. The appeal by the assessee was allowed for statistical purposes. Case-Laws Income Tax Thu, 31 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464313