No addition for TP adjustment related to Specified Domestic Transactions

Sobha City Vs ACIT (ITAT Bangalore) No addition for transfer pricing (TP) adjustment related to Specified Domestic Transactions (SDT). Conclusion: The reference to TPO for transfer pricing adjustment in respect of specified domestic transactions mentioned in clause (i) of section 92BA was not valid, as the said provision had been omitted. Accordingly, AO was directed to delete the addition relating to specified domestic transactions made u/s 92CA however, the matter was restored to the file of the AO with the direction to examine the claim of expenditure in accordance with the provisions of se...