Thursday, January 10, 2019

ALP of corporate guarantee couldn't be determined on basis of bank guarantee

IT/ILT: Arm's length price of corporate guarantee cannot be determined on basis of bank guarantee

from www.taxmann.com Latest Case Laws http://bit.ly/2RhWch8
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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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