Section 92CA provides that the AO may refer a case to the TPO if the taxpayer has entered into international transactions or SDT and the AO considers it necessary or expedient so to do. While making a reference, the AO has to take prior approval of the Commissioner. The reference to TPO shall be for […]
SANCTION FOR ISSUE OF NOTICE UNDER SECTION 147
With effect from 01.06.2015, as per section 151(1), Notice under section 148 cannot be issued by the AO after expiry of four years from end of the relevant AY without prior approval of PCCIT or CCIT or PCIT or CIT. The authority should, on the reasons recorded by the AO, sanction that it is a […]