AO not Empowered to Ascertain ALP of International Transaction: Delhi HC [Read Order]

AO is not empowered to ascertain ALP of international transaction, rules Delhi HC
By Kalyani B. Nair - On April 13, 2024 8:32 pm - 2 mins read
Delhi High Court - International transaction - arm length price - Assessing Officer - taxscan

A Division Bench of the Delhi High Court observed that the Assessing Officer ( AO ) is not empowered to ascertain arm length price ( ALP ) of international transaction. The present writ petition, at the instance of the assessee, sought to assail the impugned order passed under Section 144C read with Sections 143(3) and…

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