Reference to Transfer Pricing Officer in Specified Domestic transaction cases - CBDT Clarifies

By Vijay Kumar

CLARIFICATIONS have been sought from the Board as to which authority will function as Transfer Pricing Officer ('TPO') for the purposes of determining Arm's Length Price ('ALP') in respect of Specified Domestic Transactions ('SDTs') as per the provisions of section 92CA of the Income-tax Act, 1961.

The Board clarifies that such cases involving SDTs shall continue to be handled by the TPOs working under the Commissioner (Transfer-Pricing). The Board, under section 120 of the Act, has already issued Notification No.(s) 58 & 59/2014 (F.No. 187/29/2014/ITA.I) dated 03.11.2014 to this effect.

CBDT Instruction No. 11/2015.,Dated: September 16, 2015