The Tribunal held that the addition made on the basis of an order passed by the Transfer Pricing Officer on an invalid reference by the Assessing Officer was a nullity and the addition made consequent to such illegal order was not sustainable. (Instruction No. 3 of 2016 (2016 382 ITR 36 (St.) (AY. 2014-15)
Rittal India Pvt. Ltd. v. ACIT (LTU) (2022)97 ITR 30 (SN) (Bang) (Trib)
S. 92CA : Reference to Transfer Pricing Officer-Guidelines issued by CBDT-Adjustment of more than 10 crores or more-No adjustment of more than 10 crores in the case of assessee-Reference made to TPO not valid-Subsequent order passed by TPO not sustainable-[S. 92C]]