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Writ not maintainable against draft assessment order as objections could be filed before DRP

June 28, 2019[2019] 106 389 (Madras)/[2019] 265 Taxman 387 (Madras)

TRANSFER PRICING: In view of provisions of section 92CA(4), Assessing Officer is not bound to pass draft assessment order in tune with arm's length price fixed by TPO and, therefore, where Assessing Officer having rejected valuation of shares made by TPO, made addition to assessee's income in respect of excess price paid for buy-back of shares, impugned addition was to be confirmed

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