Tuesday, March 5, 2019

TP method consistently followed by assessee can't be changed by TPO if there is no change in circumstances

IT/ILT: Where TPO had changed over to CUP method as MAM by rejecting TNMM method consistently being applied by assessee without any change in facts and law, adjustment made by TPO was to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/2IS06JQ

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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