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Income Tax - Highlights / Catch Notes

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Revision u/s 263 - Whether Tribunal is right in holding that, ...

Case Laws     Income Tax

October 12, 2020

Revision u/s 263 - Whether Tribunal is right in holding that, CBDT Instruction No.3 dated 20.05.2003 is not binding on the AO and as such the AO himself determining the Transfer Pricing adjustment is justified and hence the order of assessment cannot be said to be erroneous - The impugned order passed by the ITAT is clearly unsustainable - HC

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