Thursday, April 25, 2019

Co. providing support services to its AE couldn't be compared with a Co. doing World Bank sponsored projects

IT/ILT: Company promoted by Export-Import Bank of India and doing mainly World Bank sponsored projects would not be a good comparable to a company engaged in providing business support services to its AEs

from www.taxmann.com Latest Case Laws http://bit.ly/2Py85LS

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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...