Is it possible for the Assessing Officer to pass assessment order without considering Arm's Length Price determined by the Transfer Pricing Officer?

No, it is not possible for the Assessing Officer to pass assessment order without considering the Arm's Length Price determined by the Transfer Pricing Officer. As per Section 92(CA)(4), on receipt of the order from Transfer Pricing Officer, the Assessing Officer shall proceed to compute the total Income of the assessee in conformity with the arm's length price as determined by the Transfer Pricing Officer.