TPO's Jurisdiction Challenged: Can Only Study Specified Domestic Transactions Referred u/s 92C(1) for Adjustment.

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Full Text of the Document

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....TP adjustment - Jurisdiction of TPO - TPO suo motu examined the domestic transaction and made transfer pricing adjustment - in relation to a specified domestic transaction, the TPO can under take transfer pricing study only in relation to those transactions which are referred to him under sub-section (1) of Section 92C.....