CBDT is duty bound to refer matter to transfer pricing officer of international transaction exceeding Rs. 5 crores

IN THE ITAT DELHI BENCH `H’ Ranbaxy Laboratories Ltd. v. Additional Commissioner of Income-tax, Range 15, New Delhi Vimal Gandhi, President And P. M. Jagtap, Accountant Member IT Appeal No. 2146 (Delhi) of 2007 [Assessment year 2004-05] January 22, 2008 ORDER Vimal Gandhi, President 1. This appeal by the taxpayer for the AY 2004-05 is directed against the order of Commissioner of Income-tax (CIT) partially setting aside assessment under Section 263 of IT. Act made vide order dated 30 March, 2005 with directions to the Assessing Officer for the fresh determination of ...