Reference made to TPO without passing a speaking order is invalid

CA Saurabh Chokhra Brief of the case: The Hon’ble Gujarat HC in the above cited case held that a reference to the Transfer Pricing Officer (TPO )can be made only after passing a speaking odder disposing off the objections raised by assessee. In the present case since, the reference was made without passing such a speaking order, the reference so made was invalid. Therefore, AO required to make fresh reference after passing a speaking order. Facts of the case: The petitioner reached to High court by filling a write petition under Article 226 of the Indian Constitution. The assessee in...