Monday, November 5, 2018

Co. deriving income from sales of licences isn't comparable with co. providing software developing services

IT/ILT: Where a company besides software development and other IT support services, onsite and offsite, had also rendered services in nature of advisory and consulting, launching job portal, and record did not reveal mode of earning revenues from running such activity, it should not be selected as comparable to software development service provider

from www.taxmann.com Latest Case Laws https://ift.tt/2qwkC6N

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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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