After TPO’s Order, AO Obligated to Follow Section 92CA(4) for Assessment

New Delhi Television Limited Vs Dispute Resolution Panel 2 & Anr (Delhi High Court)

In the case of New Delhi Television Limited vs. Dispute Resolution Panel 2 & Anr, the Delhi High Court deliberated upon the statutory framework concerning Transfer Pricing Officer (TPO) proceedings under Section 92CA of the Income Tax Act. The court emphasized that when an Assessing Officer (AO) identifies an international or specified domestic transaction, they must refer the matter to the TPO for determining the Arm’s Length Price (ALP). The TPO’s decision is binding on the AO, who

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