INSTRUCTION NO.11/2015 [F.NO.225/187/2014-ITA-II], DATED 16-9-2015
Clarifications have been sought from the Board as to which authority will function as Transfer Pricing Officer (‘TPO’) for the purposes of determining Arms Length Price (‘ALP’) in respect of Specified Domestic Transactions (‘SDTs’) as per the provisions of section 92CA of the Income-tax Act, 1961(‘Act’).
2. The Board has considered the matter and it is hereby clarified 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.
3. This may be brought to the notice of all concerned.