Tag Archives: Income-tax Circle

Ad Hoc Transfer Pricing Adjustments Without Applying Prescribed Methods Are Illegal and Interest Under Section 234A Is Unwarranted for Portal Technical Glitches

By | September 14, 2026

Ad Hoc Transfer Pricing Adjustments Without Applying Prescribed Methods Are Illegal and Interest Under Section 234A Is Unwarranted for Portal Technical Glitches Issue Transfer Pricing: Whether the Transfer Pricing Officer (TPO) can make an ad-hoc transfer pricing adjustment by reallocating consideration between an assessee and its Associated Enterprises (AEs) without applying any of the mandatory… Read More »

Reassessment notice issued beyond three years for escaped income under fifty lakhs is quashed.

By | July 17, 2026

Reassessment notice issued beyond three years for escaped income under fifty lakhs is quashed. Reassessment notice issued beyond three years for escaped income under fifty lakhs is quashed. Issue Whether the reassessment notice issued under Section 148 is legally sustainable when the alleged escaped income is less than ₹50 lakhs and the notice is issued… Read More »