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CJI Slams I-T Dept for Delay in Filing Xerox Tax Appeal

Coming down heavily on the income tax department over a 215 day delay in filing a tax appeal against Xerox India, Chief Justice DY Chandrachud refused to entertain the petition, saying this won’t send across the right message to foreign investors who provide revenue and jobs in India.

“How can the Supreme Court condone a 215 days delay by the income tax department? What message will it send to the foreign investors, like see, Supreme Court is condoning such huge delays. Sorry that cannot be done,” the CJI-led bench said.

In this case, Xerox India had moved the Income Tax Appellate Tribunal against the transfer pricing adjustments relating to the determination of arm’s length price of expenditure incurred by it for advertisement, marketing and pro- motion of the brand of its associated enterprises in assessment year 2009-10. In October 2022, the tribunal had partly allowed its appeal and deleted some disallowance. In August last year, the HC upheld the tribunal’s order.

S-ET Image Source: Google

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