Tuesday, August 21, 2018

HC adopts LIBOR rate as benchmark for determining ALP of notional interest on delayed recovery of sums from AE

IT/ILT : Interest chargeable on delayed recovery of export receivables and expenses from AEs should be taken at LIBOR rates for determining ALP of notional interest on delayed recovery

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

No comments:

Post a Comment

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...