Wednesday, August 1, 2018

Cable network operators couldn't be included in list of comparables for distributors of satellite channels

IT/ILT: Satellite TV channels and cable network operators had significantly different operating models; such channel/content owner companies should not be included for purpose of comparability analysis for distributor of satellite channels

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

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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...