Tuesday, January 15, 2019

Co. engaged in providing KPO services not to be taken as comparable if assessee was rendering ITES to AE

IT/ILT: Where assessee was rendering ITES services to AE, a company which outsourced services to be rendered by it and thereby followed a different business model, could not be accepted as comparable

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

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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...