{"id":39141,"date":"2024-02-13T11:53:08","date_gmt":"2024-02-13T06:23:08","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-kimberly-clark-lever-private-limited-2023-455-itr-576-54-taxmann-com-134-bom-hc\/"},"modified":"2025-09-07T13:26:00","modified_gmt":"2025-09-07T07:56:00","slug":"pcit-v-kimberly-clark-lever-private-limited-2023-455-itr-576-54-taxmann-com-134-bom-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-kimberly-clark-lever-private-limited-2023-455-itr-576-54-taxmann-com-134-bom-hc\/","title":{"rendered":"PCIT v. Kimberly Clark Lever Private Limited (2023) 455 ITR 576 \/ 154 taxmann.com 134 (Bom.) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the Revenue the Court held that\u00a0 the Tribunal was correct in holding that when the reference under section\u00a092CA\u00a0was made to the Transfer Pricing Officer by the Assessing Officer for computation of the arm\u2019s length price in relation to the international transaction, no assessment proceedings were pending and hence it was invalid reference. Consequently, the subsequent order passed by the Transfer Pricing Officer was a nullity and void ab initio. Therefore, the Assessing Officer could not have relied upon an order of the Transfer Pricing Officer which was a nullity to form a belief that certain income chargeable to tax had escaped the assessment for the assessment year 2007-08. The belief of the Assessing Officer that there has been escapement of income must be based on some material on record and the only material relied upon was the order of the Transfer Pricing Officer. No notice under section\u00a0143(2)\u00a0was issued to the assessee before making the reference to the Transfer Pricing Officer. When no assessment proceedings were pending in relation to the assessment year 2007-08 the Assessing Officer was precluded from making a reference to the Transfer Pricing Officer under section\u00a092CA(1)\u00a0for computing the arm\u2019s length price. No question of law arose. Referred\u00a0 The Central Board of Direct Taxes in Instruction No. 3 dated May 20, 2003 [2003] 261 ITR (St.) 51)\u00a0 <em>(<\/em>AY.2007-08)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 147 : Reassessment-Notice-International Transactions-Reference to Transfer Pricing Officer-Assessment was not pending-Reference invalid-Transfer Pricing Officer\u2019s Order Nullity-Notice of  reassessment based on Transfer Pricing Officer\u2019s Order is held to be  not sustainable. [S. 92C, 92CA, 143((2), 148, 260A]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","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":""},"categories":[21],"tags":[],"class_list":["post-39141","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-abj","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39141","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=39141"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39141\/revisions"}],"predecessor-version":[{"id":56451,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/39141\/revisions\/56451"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=39141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=39141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=39141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}