Thursday, September 20, 2018

Higher AMP exp. couldn't be a reason to be an international transaction unless it was incurred on behalf of AE

IT/ILT : A higher AMP expenses per se cannot be reason enough to infer that there is an international transaction; there has to be something more than mere quantum of expenditure to indicate, even if not established, that said expenditure is incurred on behalf of AE

from www.taxmann.com Latest Case Laws https://ift.tt/2ppyor2

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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