{"id":15688,"date":"2016-12-08T13:50:53","date_gmt":"2016-12-08T08:20:53","guid":{"rendered":"http:\/\/itatonline.org\/archives\/?p=15688"},"modified":"2016-12-08T13:50:53","modified_gmt":"2016-12-08T08:20:53","slug":"alpha-nipon-innovatives-ltd-vs-dcit-gujarat-high-court-transfer-pricing-as-per-cbdts-instruction-no-32016-dated-10-03-2016-the-ao-is-required-to-give-an-opportunity-to-the-assessee-to-show-cause","status":"publish","type":"post","link":"https:\/\/itatonline.org\/archives\/alpha-nipon-innovatives-ltd-vs-dcit-gujarat-high-court-transfer-pricing-as-per-cbdts-instruction-no-32016-dated-10-03-2016-the-ao-is-required-to-give-an-opportunity-to-the-assessee-to-show-cause\/","title":{"rendered":"Alpha Nipon Innovatives Ltd vs. DCIT (Gujarat High Court)"},"content":{"rendered":"<p>(i) No speaking order has been passed by the Assessing Officer while making a reference to the TPO, which is a requirement as per the <a href=\"http:\/\/www.itatonline.org\/info\/latest-cbdt-guidelines-for-implementation-of-transfer-pricing-provisions\/\">Instruction No.3\/2016 dated 10th March, 2016<\/a>, issued by the CBDT. Before making a reference to the TPO, the assessee is required to be given an opportunity to show cause why the reference may not be made to the TPO and thereafter a speaking order is required to be passed by the Assessing Officer while making a reference to the TPO. <\/p>\n<p>(ii) Under the circumstances, on the aforesaid ground alone, the impugned reference made by the Assessing Officer to the TPO deserves to be quashed and set aside and the matter is required to be remanded to the Assessing Officer to pass a speaking order while making a reference to the TPO. <\/p>\n<p><a href=\"https:\/\/indiankanoon.org\/doc\/82019188\/\" target=\"_blank\">Indorama Synthetics (India) Ltd. v. Additional Commissioner of IncomeTax<\/a>, [(2016) 71 Taxmann.com 349 (Delhi)] referred<\/p>\n","protected":false},"excerpt":{"rendered":"<p>No speaking order has been passed by the Assessing Officer while making a reference to the TPO, which is a requirement as per the Instruction No.3\/2016 dated 10th March, 2016, issued by the CBDT. Before making a reference to the TPO, the assessee is required to be given an opportunity to show cause why the reference may not be made to the TPO and thereafter a speaking order is required to be passed by the Assessing Officer while making a reference to the TPO<\/p>\n<div class=\"read-more\"><a href=\"https:\/\/itatonline.org\/archives\/alpha-nipon-innovatives-ltd-vs-dcit-gujarat-high-court-transfer-pricing-as-per-cbdts-instruction-no-32016-dated-10-03-2016-the-ao-is-required-to-give-an-opportunity-to-the-assessee-to-show-cause\/\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4,5],"tags":[],"class_list":["post-15688","post","type-post","status-publish","format-standard","hentry","category-all-judgements","category-high-court","judges-b-n-karia-j","judges-m-r-shah-j","section-832","section-92c","counsel-r-k-patel","court-gujarat-high-court","catchwords-reference","catchwords-transfer-pricing","genre-transfer-pricing"],"acf":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/15688","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/comments?post=15688"}],"version-history":[{"count":0,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/posts\/15688\/revisions"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/media?parent=15688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/categories?post=15688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/archives\/wp-json\/wp\/v2\/tags?post=15688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}