Omission of Section 92BA(1) from 1/4/2017 Deems it Nonexistent from Insertion Date

PCIT Vs TT Steel Service India Pvt. Ltd. (Karnataka High Court)

The Karnataka High Court recently addressed a pivotal tax dispute involving question of jurisdiction in PCIT v. TT Steel Service India Pvt. Ltd. (ITA No. 665 of 2023), involving the validity of a reference made to the Transfer Pricing Officer (TPO) for examining a Specified Domestic Transaction(SDT) under Section 92BA(i) of the Income Tax Act, when such clause (i) stood omitted effective from April 1, 2017. The appeal, filed by the Income Tax Department, contested the ITAT’s ruli

Please become a Premium member. If you are already a Premium member, login here to access the full content.