S. 93 : Transactions resulting in transfer – Non-residents -Capital gains- For invoking S.93 to tax a resident, there should be transfer of assets by a resident to non-resident, and not where a non-resident had transferred assets to a resident- DTAA- India – Mauritius [ S. 90, 201(1), 201(IA) , Art ,13(4) ]

S. 92C : Transfer pricing – Arm’s length price -Selection of comparables — Various methods explained .

S.92C: Transfer pricing- Arm’s Length Price –Unless it is not shown that the selection of TNMM as the Most Appropriate Method is perverse, the same cannot be challenged.

S.92B: Transfer pricing – International transaction – Termination of option rights under an agreement can be treated as a “deemed international transaction”- Transfer pricing provision was held to be applicable and addition was held to be justified . Transfer of its unexercised call option right to nominate is held to be liable to capital gain tax . [ S. 2(47),92C ,92F]

S. 92CA: Reference to transfer pricing officer – CBDT’s Instruction No. 3/2003 is binding on the AO. Consequently, the ALP of international transactions where the quantum is less than Rs. 5 crore has to be determined by the AO and cannot be referred to the TPO. If such reference is made, it is invalid and the extended time for completing the assessment is not available to the AO. The assessment is void as it is time-barred [ S.119, 144C ]

S.92C: Transfer pricing – Arm’s Length Price – Difference in function performed and risk undertaken – Difference in brokerage charged to related and un related parties –Deletion of addition was held to be justified

S.92C: Transfer pricing – Arm’s Length Price – Corporate guarantee- When no expenditure was incurred for providing guarantee to bank for the loan given to subsidiaries applying the rate of 2.5% by the TPO was held to be not justified .

S.92C:Transfer pricing – Arm’s length price –Method of accounting – TPO has no jurisdiction to comment on the method of accounting followed by an assessee. [ S.145 ]

S.92C: Transfer pricing – Arm’s length price- The TPO can not sit in judgement over the business model of the assessee and determine the ALP of the transactions with AEs at Nil .

S. 92: Transfer pricing -International transactions — Arm’s length price — Transaction of sale of shares in Indian company to be benchmarked under transfer pricing provisions. [S. 92A to 92F ]