Friday, November 30, 2018

Exp. connected with PE couldn't be subject to taxation laws of contracting state

IT/ILT: As per article 7 all expenses incurred for purpose of business of PE are to be allowed; there is no restriction on allowability of such expenses subject to any limitation of taxation laws of contracting State (India)

from www.taxmann.com Latest Case Laws https://ift.tt/2DQB8qa

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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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