2023 (5) TMI 485 - SCH - Income Tax

TP Adjustment - ALP of corporate guarantee provided to the Overseas Associated Enterprises - As in own case for earlier AYs matter has been remitted to the Assessing Officer for de-novo adjudication after due and reasonable opportunity of hearing to the assessee as accepted by HC - HELD THAT - We are not inclined to entertain the present special leave petition in view of the observations recorded by the Income Tax Appellate Tribunal. Recording the aforesaid, the special leave petition is dismissed.

Summary

The Supreme Court of India dismissed the special leave petition due to observations by the Income Tax Appellate Tribunal. Delay was condoned, and pending applications were disposed of. (Citation: 2023 (5) TMI 485 - SC Order)