Tribunal Rules AO Violated CBDT Instruction No.3/2003 by Not Referring Case to Transfer Pricing Officer.

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....Binding effect of instruction of CBDT on AO - In view of the guidelines issued by the CBDT in Instruction No.3/2003 the Tribunal was right in observing that by not making reference to the TPO, the AO had breached the mandatory instructions issued by the CBDT - We do not find the conclusion so arrived at by the Tribunal to be incorrect....