Thursday, May 31, 2018

ALP accepted in case of AE has no relevance while completing assessment of assessee-co.: ITAT

IT/ILT: Where assessee made payments of royalty and administrative charges to AE, mere fact that ALP of said payments had been accepted in case of AE, it could not be concluded that price paid by assessee in international transactions had to be accepted as at arm's length

from www.taxmann.com Latest Case Laws https://ift.tt/2sshxFo
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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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