High Court stays 5 Member Special Bench judgement on transfer pricing
In admitting the appeal filed under section 260A against the judgement of the 5 Member Special Bench of the Tribunal in Aztec Software vs. ACIT 294 ITR (AT) 32 / 107 ITD 41, the High Court has granted stay of “the operation and all further proceedings” of the said judgement until further orders.
Note: The judgement of the Special Bench deals with various Transfer Pricing issues. No reasons are given in the High Court’s order on why stay was granted.
See Also: Transfer Pricing: A definitive Guide.