Tuesday, April 23, 2019

TPO couldn't deny working capital adjustment merely on ground that assessee was in service industry

IT/ILT: Where was rendering technical support and maintenance services to its AE, a company engaged in various activities such as sale of software licence, software services, export, revenue from subscription etc. about which no segmental information was available, could not be accepted as comparable

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

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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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