AO is not empowered to ascertain ALP of international transaction, rules Delhi HC
A Division Bench of the Delhi High Court observed that the Assessing Officer ( AO ) is not empowered to ascertain arm length price ( ALP ) of international transaction. The present writ petition, at the instance of the assessee, sought to assail the impugned order passed under Section 144C read with Sections 143(3) and…
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