Friday, August 3, 2018

Sum paid as 'affiliation fee' not connected with transfer of technology couldn't be treated as royalty

IT/ILT : Affiliation fee, a one time payment by assessee to US. company, which did not provide for transfer of technology, was not royalty

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

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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...