AO Must Adhere to TPO’s ALP in International Transactions: Delhi HC

Giesecke And Devrient India Pvt Ltd Vs Deputy Commissioner of Income Tax 2.1 & Ors (Delhi High Court)

In a recent judgment, the Delhi High Court ruled that Assessing Officers (AO) must strictly adhere to the Arm’s Length Price (ALP) determined by the Transfer Pricing Officer (TPO) in international transactions, as mandated by the Income Tax Act, 1961.

The case, titled Giesecke And Devrient India Pvt Ltd Vs Deputy Commissioner of Income Tax 2.1 & Ors, revolved around

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