2018 (3) TMI 1658 - HC - Income Tax

Revenue urges only the following reframed substantial question of law Whether on the facts and circumstances of the case and in law, the Tribunal has erred in directing the Assessing Officer / TPO to aggregate the transaction in a case where the ALP of each separate transaction could be arrived at ? Registry is directed to communicate a copy of this order to the Tribunal. This would enable the Tribunal to keep the papers and proceedings relating to the present appeal available, to be produced when sought for by the Court.

Summary

The High Court of Bombay heard an appeal related to Assessment Year 2002-03. The substantial question of law was whether the Tribunal erred in directing the Assessing Officer to aggregate transactions when the ALP of each separate transaction could be determined. The Registry was directed to provide a copy of the order to the Tribunal. The respondent's counsel waived service.