Saturday, June 16, 2018

DRP has power to consider additional evidence furnished by assessee: ITAT

IT/ILT : Assessee after receiving draft assessment order in which transfer pricing adjustments are proposed, is empowered to file additional evidence before DRP, and DRP has power to consider evidences furnished by assessee, and after considering additional evidence, DRP has to comment upon same and dispose of objections of eligible assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2JWKTq8

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...