Commentary on Sections Overview Overview Section 171: Tax returns where transfer pricing notice given
352.This section allows the taxpayer to make amendments to his tax return following receipt of a transfer pricing notice under section 168. It is based on paragraph 5C(8) to (12) of Schedule 28AA to ICTA.
353.Paragraph 5C(8)(b) refers to the taxpayer appealing “against the notice” although paragraph 5C(5) states that appeals are against the decision to give the notice. In rewriting paragraph 5C(8)(b) subsection (1) has been made consistent with section 170(1).