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Validity of TP notice under section 92CA (2)

Shubham S.Totla (Article Assistant) (59 Points)

09 April 2025

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7254 Points)
Replied 09 April 2025

The validity of a Transfer Pricing (TP) notice under Section 92CA(2) depends on various factors, including the accuracy of the notice and compliance with procedural requirements. Key Considerations for TP Notice Validity - *Accuracy of Notice*: The notice must be worded accurately, but minor inaccuracies may not invalidate it if the intent is clear. - *Procedural Compliance*: The notice must comply with the procedural requirements outlined in the relevant laws and regulations.¹ Relevant Laws and Regulations - *Section 92CA(2)*: This section outlines the procedures for TP notices, including the requirements for content and service. - *Transfer of Property Act, 1882*: This Act governs property transfers and may be relevant to TP notices. Potential Issues with TP Notices - *Inadvertent Errors*: Minor errors in the notice may not necessarily invalidate it, but significant errors can lead to disputes. - *Procedural Defects*: Failure to comply with procedural requirements can render the notice invalid. Best Practices for TP Notices - *Clear and Accurate Language*: Use clear and accurate language to avoid misunderstandings. - *Compliance with Regulations*: Ensure compliance with all relevant laws and regulations. To determine the validity of a specific TP notice, it's essential to review the notice and relevant laws and regulations. Consulting with a tax professional or lawyer may be beneficial to ensure compliance and address potential issues.e

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Validity of TP notice under section 92CA (2)

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