Tuesday, May 7, 2019

ALP of international transaction couldn't be determined by comparing price charged by other AE's

IT/ILT: TPO ought to have arrived at ALP of assessee's sale to its AE by only comparing it with uncontrolled transaction of sale

from www.taxmann.com Latest Case Laws http://bit.ly/2Wsz5Pu

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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...