Tag Archives: Section 92CA

Extension of time limit to Transfer Pricing Officer

Finance Bill 2016 Extension of time limit to Transfer Pricing Officer in certain cases As per the existing provisions, the Transfer Pricing Officer (TPO) has to pass his order sixty days prior to the date on which the limitation for making assessment expires. It is noted that at times seeking information from foreign jurisdictions becomes necessary for… Read More »

Past year international transactions could not be referred to TPO whose assessment was already completed

Assessing Officer cannot refer international transactions for determination of ALP that were carried on in any of past years and whose assessments had already been completed IN THE ITAT MUMBAI BENCH ‘K’ Perstorp Chemicals India (P.) Ltd. v. Income-tax Officer, 10(2)(3), Mumbai D. MANMOHAN, VICE-PRESIDENT AND B.R. BASKARAN, ACCOUNTANT MEMBER IT APPEAL NOS. 6078,6079 AND… Read More »