Framing of Transfer Pricing Order against Non-Existent Entity not a Curable Defect: Delhi HC

The Delhi High Court ruled that framing a transfer pricing order against a non-existent entity is a significant procedural defect that cannot be cured. The case dealt with a transfer pricing assessment where an order was passed based on transactions involving an entity that did not exist. The court emphasized that the absence of the entity in question made the assessment order invalid. It highlighted that the correct procedures must be followed when assessing transfer pricing matters, and the absence of the entity invalidates the process.