Tuesday, February 26, 2019

Additions justified as assessee failed to establish nature of services received for payment of franchise commission

IT/ILT: Where assessee paid franchise commission to its holding company for providing business to assessee but failed to establish nature of services rendered by said company, addition to the total income of the assessee on account of shortfall in arm's length price be made

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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...