Friday, August 31, 2018

Price decided by AEs couldn’t be taken as CUP input for ALP determination: ITAT

IT/ILT : It is not open to TPO to go beyond role of determining ALP and intrude in exclusive domain of Assessing Officer to determine income taxable in hands of assessee

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000183474/price-decided-by-aes-couldn’t-be-taken-as-cup-input-for-alp-determination-itat.aspx

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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...