{"id":52550,"date":"2025-04-05T10:23:40","date_gmt":"2025-04-05T04:53:40","guid":{"rendered":"https:\/\/itatonline.org\/digest\/asiatic-colour-chem-ind-ltd-v-jt-cit-2024116-itr-7-snahdtrib-2\/"},"modified":"2025-04-05T10:23:40","modified_gmt":"2025-04-05T04:53:40","slug":"asiatic-colour-chem-ind-ltd-v-jt-cit-2024116-itr-7-snahdtrib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/asiatic-colour-chem-ind-ltd-v-jt-cit-2024116-itr-7-snahdtrib-2\/","title":{"rendered":"Asiatic Colour Chem Ind. Ltd. v. Jt. CIT (2024)116 ITR 7 (SN)(Ahd)(Trib)"},"content":{"rendered":"<p>Held that by virtue of deletion by the Finance\u00a0 Act 2017, with effect from April 1, 2017 of clause (i) of section 92BA, the ambit of section 40A(2(b) is not available. Accordingly the upward adjustment made by the Transfer Pricing\u00a0 Officer in respect of the arm\u2019s length price of the specified domestic transactions are deleted. (AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 92BA : Transfer pricing-Specified domestic transaction-Arm\u2019s length price-Avoidance of tax-Excluded from definition  with effect from 1-4-2017-Omission has retrospective effect-Addition is deleted. [S.40A(2)(b)] <\/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-52550","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dFA","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52550","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=52550"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52550\/revisions"}],"predecessor-version":[{"id":52551,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/52550\/revisions\/52551"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=52550"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=52550"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=52550"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}