BBC World Service India Pvt. Ltd Vs. ACIT
Parties Involved
Facts Summary
The assessee, BBC World Service India Pvt. Ltd, filed its return of income for the assessment year 2017-18 declaring a total income of Rs. 6,39,12,880/-. The company is primarily engaged in producing program content for radio, television, and websites under contractual agreements with BBC UK and other group companies. The draft assessment order was passed on 31.03.2021, adding a transfer pricing adjustment of Rs. 2,19,68,636/-. The assessee filed objections, and the DRP upheld the draft assessment order on 16.09.2021. The final assessment order was passed on 26.05.2022, which is beyond the prescribed time limit under Section 144C(13) of the Act.…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the final assessment order has been passed beyond the prescribed time limit under Section 144C(13) of the Act.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
2 precedents cited in this judgement.
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