{"id":47930,"date":"2024-11-16T19:33:10","date_gmt":"2024-11-16T14:03:10","guid":{"rendered":"https:\/\/itatonline.org\/digest\/lubrizol-advanced-materials-india-p-ltd-v-assessment-unit-itd-2024-204-itd-130-mum-trib\/"},"modified":"2024-11-16T19:33:10","modified_gmt":"2024-11-16T14:03:10","slug":"lubrizol-advanced-materials-india-p-ltd-v-assessment-unit-itd-2024-204-itd-130-mum-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/lubrizol-advanced-materials-india-p-ltd-v-assessment-unit-itd-2024-204-itd-130-mum-trib\/","title":{"rendered":"Lubrizol Advanced Materials India (P.) Ltd. v. Assessment Unit (ITD) (2024) 204 ITD 130 (Mum) (Trib.)"},"content":{"rendered":"<p>TPO proposed an upward adjustment to total income of assessee in respect of international transaction of marketing support services. DRP affirmed the order dt.\u00a0 28-1-2022 but final assessment order was passed by Assessing Officer on 30-12-2022. On appeal the Tribunal held that\u00a0 as per provisions of section 144C(13) ought to have been passed on or before 28-2-2022 hence the\u00a0 assessment order was time-barred and void ab initio. (AY. 2017-18)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 144C : Reference to dispute resolution panel-Final assessment order was passed by AO beyond period of one month from end of month in which direction of DRP was received-Assessment order was time-barred and void ad initio. [S. 144C(13)] <\/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-47930","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-ct4","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47930","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=47930"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47930\/revisions"}],"predecessor-version":[{"id":47931,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47930\/revisions\/47931"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}