Monday, August 6, 2018

Bright line test method not to be applied for making ALP adjustment in respect of AMP expenses: Delhi ITAT

IT/ILT : Bright Line Test Method cannot be applied for making any kind of adjustment in respect of AMP expenses

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