Thursday, October 11, 2018

A financially unreliable company due to fraud by directors couldn't be chosen for comparability analysis

IT/ILT: Where assessee was captive ITES service provider while comparable company was engaged in software development and no segmental data was available, said company was to be excluded from list of comparables

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

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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...