DEVAS MULTIMEDIA PRIVATE LIMITED vs. THE PRINCIPAL COMMISSIONER OF INCOME-TAX
WP/11618/2016HC Karnataka27 Sept 2019
Bench: The Hon’Ble Mr.Justice P.B. Bajanthri Writ Petition No.11618 Of 2016 (T-It) Between:
Section 142(4)Section 143(2)Section 143(3)Section 144Section 144CSection 263Section 92C
Transfer Pricing in
International Transactions. Further vide
the 2016 amendment, the right to appeal
was specifically taken away in order to
minimize these disputes.
16. Once the DRP has exercised its power
under Section 144C of the Act, the
Commissioner loses his jurisdiction to
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exercise power under Section 263 of the
Act. Consequently, the Commissioner
cannot issue a show