CMA Final · Direct Tax Laws and International Taxation · Transfer Pricing
Under section 166, who is a Transfer Pricing Officer?
A Transfer Pricing Officer is a Joint Commissioner, Deputy Commissioner or Assistant Commissioner whom the Board has authorised to perform the Assessing Officer's functions under sections 165 and 171 for any person or class of persons, as section 166(17) defines it.
- AA Joint Commissioner, Deputy Commissioner or Assistant Commissioner authorised by the Board to perform the functions of an Assessing Officer under sections 165 and 171 for specified persons or classesCorrect
- BAny Commissioner of Income-tax (Appeals) designated by the assessee
- CA Principal Chief Commissioner appointed by the Central Government
- DAny Income-tax Officer posted in the jurisdiction of the assessee
Explanation
Section 166(17) defines the TPO as a Joint, Deputy or Assistant Commissioner authorised by the Board to perform all or any of the Assessing Officer's functions under sections 165 and 171 for any person or class of persons. The other options name officers outside this definition.
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