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Bombay High Court Declares Transfer Pricing Addition ‘Non Est’ for Missing DRP Timeline; Orders Refund

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The Bombay High Court has held that the Income Tax Department’s failure to give effect to the Dispute Resolution Panel (DRP) directions within the mandatory period prescribed under Section 144C(13) renders the transfer pricing addition against the assessee non est.  The bench of  Justice B.P. Colabawalla and Justice Amit S. Jamsandekar directed the department to…

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Mariya Paliwala
Mariya Paliwalahttps://www.jurishour.in/
Mariya is the Senior Editor at Juris Hour. She has 7+ years of experience on covering tax litigation stories from the Supreme Court, High Courts and various tribunals including CESTAT, ITAT, NCLAT, NCLT, etc. Mariya graduated from MLSU Law College, Udaipur (Raj.) with B.A.LL.B. and also holds an LL.M. She started her career as a freelance tax reporter in the leading online legal news companies.

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