Which of the following powers cannot be exercised by the Transfer Pricing Officer ?

CS Executive · Tax Laws and Practice · PYQS · December 2019
Which of the following powers cannot be exercised by the Transfer Pricing Officer ?
(A) Power to call evidence/information from the assessee
(B) Power to amend the order to rectify arm's length price
(C) Power of survey under section 133A
(D) Power to conduct search under section 132

Answer & Explanation:

Correct Answer: Option (D)

Official answer key: (D).

Topics: Income Tax

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