SC quashes HC order dismissing revenue appeals in determination of arm’s length price

SAP Labs India Private Vs ITO (Supreme Court of India) Whether in every case where the Tribunal determines the arm’s length price, the same shall attain finality and the High Court is precluded from considering the determination of the arm’s length price determined by the Tribunal, in exercise of powers under Section 260A of the Act? The Supreme Court in this case was considering 100s of cross SLPs both of assessee and department which particularly arose out of decision of Karnataka High court where earlier it was held by the Ld Court that the findings of Tribunal re determination of ALP i...