{"id":45890,"date":"2024-09-08T17:37:53","date_gmt":"2024-09-08T12:07:53","guid":{"rendered":"https:\/\/itatonline.org\/digest\/cit-v-lge-and-c-ncc-joint-venture-2024461-itr-266-297-taxman-293-sc-editorial-refer-cit-v-lge-and-c-ncc-joint-venture-2024461-itr-265-t-aphc-also-refer-lg-polymers-india-p-ltd\/"},"modified":"2024-09-08T17:37:53","modified_gmt":"2024-09-08T12:07:53","slug":"cit-v-lge-and-c-ncc-joint-venture-2024461-itr-266-297-taxman-293-sc-editorial-refer-cit-v-lge-and-c-ncc-joint-venture-2024461-itr-265-t-aphc-also-refer-lg-polymers-india-p-ltd","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/cit-v-lge-and-c-ncc-joint-venture-2024461-itr-266-297-taxman-293-sc-editorial-refer-cit-v-lge-and-c-ncc-joint-venture-2024461-itr-265-t-aphc-also-refer-lg-polymers-india-p-ltd\/","title":{"rendered":"CIT v. LGE and C-NCC (Joint Venture) (2024)461 ITR 266\/ 297 Taxman 293 (SC) Editorial : Refer, CIT v. LGE and C-NCC (Joint Venture) (2024)461 ITR 265 (T&#038; AP)(HC), also refer, LG Polymers India P.Ltd (2012) 16 ITR 240 (Visakhapatnam ) (Trib)"},"content":{"rendered":"<p>On appeal by the Revenue the High Court held that the Tribunal was not wrong in holding that the Transfer Pricing Officer was not empowered to hold the transaction a sham one. SLP of Revenue is dismissed, question of law is kept open.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92CA : Transfer pricing-Reference to Transfer Pricing Officer-Arm\u2019s Length price-Avoidance of tax-Tribunal holding Transfer Pricing Officer not empowered to hold transaction sham- High Court affirmed-Special Leave Petition Dismissed- Question of  law kept open. [S. 37(1), 92C,  Art.236]  <\/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-45890","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-bWa","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45890","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=45890"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45890\/revisions"}],"predecessor-version":[{"id":45891,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/45890\/revisions\/45891"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=45890"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=45890"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=45890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}