Thursday, March 28, 2019

TPO has no jurisdiction to comment upon whether services are indeed required by assessee or not: ITAT

IT : TPO while determining ALP of a transaction has got limited jurisdiction to ascertain ALP of transaction and he cannot sit in judgment to ascertain whether services are indeed required by assessee or not; it is beyond scope of TPO's jurisdiction to comment on requirement of services by assessee

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

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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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