AO has to Pass an Assessment Order u/s 92CA(4) of Income Tax Act After TPO’s Order: Delhi HC [Read Order]
The court held that since the contingency is already provisioned for in sub-section (3), there would be no justification for such an order of the ITAT being placed or viewed as traceable to sub-section (4) of Section 153 of the Act
In a recent case, the Delhi High Court has held that once the Transfer Pricing Officer ( TPO ) had proceeded to pass the order, the AO was obliged to pass an assessment order by the procedure prescribed in Section 92CA(4) of the Income Tax Act, 1961. New Delhi Television Limited, the writ petitioner has…
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