Thursday, December 6, 2018

No TP adjustment due to delay in realization of debts from AE if transaction was benchmarked on TNMM

IT/ILT: No addition of notional interest for delay in realisation of debts from AE could be made when international transaction of exports of goods had been benchmarked on TNMM basis and same was duly accepted by TPO

from www.taxmann.com Latest Case Laws https://ift.tt/2BU4ZfS

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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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