Wednesday, March 6, 2019

Delay in realization of trading debt from AE may attract TP adjustments towards notional interest

IT/ILT : SLP dismissed against High Court ruling that where services rendered by assessee were specialized and required specific skill based analysis and research that was beyond rudimentary nature of services rendered by a BPO, it was to be held services provided by assessee constituted functions of a KPO

from www.taxmann.com Latest Case Laws https://ift.tt/2UmtXvh

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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...