Wednesday, December 12, 2018

Forex gains to be treated as part of operating profits for the purpose of ALP computation

IT/ILT: Foreign exchange gains are required to be treated as part of operating profits

from www.taxmann.com Latest Case Laws https://ift.tt/2B9McvA

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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...