August 2019

CBDT Transfer Pricing Instruction

CBDT Transfer Pricing Instruction No.3/2003 dated 20.05.2003 | Latest Supreme Court Judgement

The Supreme Court has held in THE PRINCIPAL COMMISSIONER OF INCOME TAX-4, MUMBAI M/s. S.G. ASIA HOLDINGS (INDIA) PVT. LTD. that in view of the transfer pricing guidelines issued by the CBDT in Instruction No.3/2003 the Tribunal was right in observing that by not making reference to the TPO, the Assessing Officer had breached the mandatory instructions issued by the CBDT