Monday, July 23, 2018

In absence of Internal CUP, the TNMM would be most appropriate method: ITAT

IT/ILT : Where there was no internal CUP which can be relied on in order to accept CUP method, TNMM would be MAM to analyse assessee's transactions in order to arrive at ALP

from www.taxmann.com Latest Case Laws https://ift.tt/2LHQz58

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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...