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.

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