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The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
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Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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ITAT Delhi: No TP adjustment for Specified Domestic Transactions u/s 92BA after its omission.

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....The ITAT Delhi held that u/s 92BA, TP adjustment for Specified Domestic Transactions is not applicable post omission of Clause (i) w.e.f. 1.4.2017. Citing Texport overseas case, it was established that the omitted section is deemed to have never existed. The request for a Special Bench due to conflicting judgments was denied. Consequently, no TP adjustment can be made for domestic transactions post omission of Clause (i) of section 92BA. The impugned order was deemed illegal and set aside in favor of the assessee.....

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ITAT Delhi: No TP adjustment for Specified Domestic Transactions u/s 92BA after its omission.