Saturday, April 27, 2019

TPO erred in computing brand value of "Sony" on basis of Cos whose brands were abandoned: ITAT

IT/ILT: Where assessee had claimed that companies selected by TPO as comparables, had brand available to them, but website extracts showed that certain brands or intangible assets were abandoned, since it was not known whether above companies were having these brands registered in their name for assessment year 2013-14, said issue was remanded back to TPO

from www.taxmann.com Latest Case Laws http://bit.ly/2We34e0

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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...