Transfer Pricing Order Revised: Lack of Inquiries on Export/Import Transactions Deemed Harmful to Revenue Interests.

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Full Text of the Document

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....Revision u/s 263 - it is correctly held by CIT that the TPO has passed the order without taking any cognizance of making any inquiries with respect to transaction of export and import. Therefore, such an order is erroneous and prejudicial to the interest of revenue. - AT....