{"id":4524,"date":"2019-03-24T12:49:28","date_gmt":"2019-03-24T12:49:28","guid":{"rendered":"http:\/\/itatonline.org\/digest\/ericsson-india-pvt-ltd-v-acit-2018-305-ctr-584-2019-411-itr-333-delhi-hc\/"},"modified":"2024-12-30T16:11:02","modified_gmt":"2024-12-30T10:41:02","slug":"ericsson-india-pvt-ltd-v-acit-2018-305-ctr-584-2019-411-itr-333-delhi-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/ericsson-india-pvt-ltd-v-acit-2018-305-ctr-584-2019-411-itr-333-delhi-hc\/","title":{"rendered":"Ericsson India Pvt. Ltd. v. ACIT  ( 2018) 305 CTR 584\/ (2019) 411 ITR 333 (Delhi) (HC)\/ SLP of Revenue is dismissed ,Add. CIT  v .Ericsson India Pvt. Ltd. (2024)468 ITR 2 (SC) (Followed , Varkey Chacko v. CIT (1993) 203 ITR 885 (SC)\/ 1994 Suppl (1) SCC 264 )"},"content":{"rendered":"<p>Allowing the petition the Court held that since the &#8220;event of default&#8221; occurred in March, 2014, i. e., prior to the date of coming into force of the amendment (i.e., on October 1, 2014), the penalty order passed by the Transfer Pricing Officer was without jurisdiction.( AY.2011-12)<\/p>\n<p><strong>Note: <\/strong>\u00a0Securities and Exchange Board of India v. Classic Credit Ltd. (2017) (9) JT SC 558\u00a0 is distinguished.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 271G : Penalty \u2013 Documents &#8211; International transaction &#8211; Transfer pricing &#8211; Failure to furnish information or documents-Change In Law \u2014 Default occurring prior to date of amendment conferring jurisdiction on Transfer Pricing Officer to impose  penalty \u2014 Transfer Pricing Officer had no jurisdiction prior to Amendment ie  on October 1, 2014 .  [ S. 2(7A),92D(3) ]<\/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":[1],"tags":[],"class_list":["post-4524","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-1aY","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4524","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=4524"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4524\/revisions"}],"predecessor-version":[{"id":49482,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/4524\/revisions\/49482"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=4524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=4524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=4524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}