TP Adjustment - associated enterprise or not - it is evident ...

Interpreting Sub-Sections (1) & (2) of Section 92A: Ensuring Cohesive Application in Transfer Pricing Adjustments and Associated Enterprises.

February 4, 2021

Case Laws Income Tax HC

TP Adjustment - associated enterprise or not - it is evident that sub-Sections (1) and (2) of Section 92A of the Act are interlinked and have to be read together. In case the provisions of sub-Sections (1) and (2) are read independently, we are afraid that one of the provisions would be rendered otiose which is impermissible in law in view of the well settled rule of statutory limitation. Therefore, the requirement contained in sub-Sections (1) and (2) of Section 92A of the Act has to be complied with. - HC

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TP Adjustment - associated enterprise or not - it is evident ...

Interpreting Sub-Sections (1) & (2) of Section 92A: Ensuring Cohesive Application in Transfer Pricing Adjustments and Associated Enterprises.

February 4, 2021

Case Laws Income Tax HC

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