{"id":46261,"date":"2024-09-15T09:45:34","date_gmt":"2024-09-15T04:15:34","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-hyundai-motor-india-engineering-p-ltd-2023-156-taxmann-com-265-462-itr-75-telangana-hc-editorial-similar-issues-have-been-determined-in-acit-v-vijay-television-p-ltd-2018-9\/"},"modified":"2024-12-18T07:19:21","modified_gmt":"2024-12-18T01:49:21","slug":"pcit-v-hyundai-motor-india-engineering-p-ltd-2023-156-taxmann-com-265-462-itr-75-telangana-hc-editorial-similar-issues-have-been-determined-in-acit-v-vijay-television-p-ltd-2018-9","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-hyundai-motor-india-engineering-p-ltd-2023-156-taxmann-com-265-462-itr-75-telangana-hc-editorial-similar-issues-have-been-determined-in-acit-v-vijay-television-p-ltd-2018-9\/","title":{"rendered":"PCIT v. Hyundai Motor India Engineering (P.) Ltd. [2023] 156 taxmann.com 265 \/ 462 ITR 75 \/340 CTR 612 \/  238 DTR 270   (Telangana) (HC) Editorial: Similar issues have been determined in ACIT v. Vijay Television (P.) Ltd. [2018] 95 taxmann.com 101\/407 ITR 642 (Mad.) (HC) and SHL (India) (P.) (Ltd.) v. DCIT [2021] 128 taxmann.com 426\/282 Taxman 334\/438 ITR 317 (Bom.)(HC)"},"content":{"rendered":"<p>The assessee&#8217;s case was referred to the Transfer Pricing Officer (TPO) for the determination of the arm&#8217;s-length price. The TPO passed an order, and accordingly, the assessee was classified as an &#8216;eligible assessee&#8217; under Section 144C (15). However, when the Assessing Officer issued the assessment order, they also issued a notice of demand and penalty notices.<\/p>\n<p>The court held that considering the draft assessment order was issued along with the notice of demand and penalty notice, it is, in fact, a final assessment order. Even upon reading the so-called draft assessment order, it was evident that the order was a final assessment, as the operative part of the order mentioned the demand and penalty notices. Given the requirement to issue a draft assessment order under Section 144C, and considering this order was a final assessment, the order is invalid. (AY 2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 144C: Reference to dispute resolution panel-Eligible assessee-Final assessment order as accompanied with demand and penalty notices-Order invalid.[S.144C(8), 144C(15), 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-46261","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-c29","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46261","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=46261"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46261\/revisions"}],"predecessor-version":[{"id":49014,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/46261\/revisions\/49014"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=46261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=46261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=46261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}