Tuesday, January 29, 2019

No attribution of profits was required if reimbursement to Indian entity was made at arm's length price

IT/ILT: Where Indian entity had been remunerated at arm's length price, then no further attribution of profit could be made

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

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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...