Thursday, January 3, 2019

Cos. having huge brand value and intangibles not acceptable as comparable in case assessee rendering ITES

IT/ILT: Where assessee was rendering ITES services to AE, a company having huge brand value and owning intangibles, could not be accepted as comparable

from www.taxmann.com Latest Case Laws http://bit.ly/2BSH2nO

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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...