Monday, December 31, 2018

Revisional order justified as reference to TPO was mandatory in scrutiny cases selected on TP risk parameters

IT/ILT: Where assessee's case was selected for scrutiny on transfer pricing risk parameter, same fell under para 3.2 of circular dated 10-3-2016 which required reference to TPO by Assessing Officer mandatorily

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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...