2014 (5) TMI 1239

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.... Mr Balbir Singh, Sr. Standing Counsel with Mr Upender Sinhmar, Mr Arjun Harkauli and Mr Abhishek Singh Baghel, Advocates. ORDER The petitioner calls into question the notice issued by the Transfer Pricing Officer, pursuant to a reference in that regard by the Assessing Officer. The petitioner prays for quashing of the notice dated 11.02.2014 issued by the first respondent under Section 92CA(1)....

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.... Ltd. The petitioner, First American Securities holds certain shares in the said M/s Bharti AXA Life Insurance Co. Ltd. An end eavour was made to suggest that the nature of the transaction, specially the nature of share holding, is facially so small that there cannot be any reasonable opinion that AXA India Holdings, Mauritius is an associated enterprises or that the transaction of it subscribing ....