Applicability of section 92BA(i) on the SDT [Specified domestic ...

Section 92BA(i) Not Applicable: International Transactions Under Rs. 1 Crore, AO May Review u/s 40A(2)(b) Provisions.

August 16, 2023

Case Laws Income Tax AT

Applicability of section 92BA(i) on the SDT [Specified domestic transactions] - Since in this case the assessee has undertaken international transactions for a sum which is less than Rs. 1 crore, therefore the TP adjustment should not be made. - However, AO can examine the issue in terms of the provision of sec. 40A(2)(b) - AT

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Applicability of section 92BA(i) on the SDT [Specified domestic ...

Section 92BA(i) Not Applicable: International Transactions Under Rs. 1 Crore, AO May Review u/s 40A(2)(b) Provisions.

August 16, 2023

Case Laws Income Tax AT

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