Thursday, November 22, 2018

SLP dismissed against HC's ruling that benchmarking is to be done on AE transaction only while determining ALP

IT/ILT: SLP dismissed against High Court ruling that while determining ALP of international transactions, benchmarking has to be done only on AE transactions and not for entire turnover

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