2010 (10) TMI 429 - SCH - Income Tax

Application for leave - High Court has not merely set aside the original show-cause notice but it has made certain observations on the merits of the case and has given directions to the Transfer Pricing Officer which virtually conclude the matter - Appeal is allowed by way of remand to TPO

Summary

The Supreme Court granted leave in a case where the High Court remitted the matter to the Transfer Pricing Officer with liberty to issue a fresh show-cause notice. The High Court's directions to the TPO were set aside, and the TPO was directed to proceed with the matter independently. The TPO was instructed to decide the matter by December 31, 2010. The civil appeal was disposed of with no order as to costs.