Case Law Details
Skybridge Solutions Private Limited Vs DCIT (ITAT Hyderabad)
Final Assessment order Passed U/S 144C not appealable when the Assessee has not filed objection against the draft assessment order: ITAT Hyderabad ITA No.184/Hyd/2024
Case Summary:
Skybridge Solutions Private Limited (“Assessee) is a software development and services company. The Assessee filed the income tax return for the financial year 2020-21 declaring its total income of Rs. 1.06 Crore.
The return was processed U/S 143(1)(a) of the Income Tax Act (“Act”). Later on, the case was selected for scrutiny and a notice was served U/S 143(2) of the Act. Also, the reference was made by the Learned Assessing Officer (“Ld. AO”) to the Learned Transfer Pricing Officer (“Ld. TPO”) U/S 92CA(1) of the Act to determine the Arm’s Length Price (“ALP”) of the international transactions entered into by the Assessee.
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