Tuesday, July 9, 2019

No question of law arose from ITAT's ruling directing TPO to exclude Dep., interest to calculate operating profit

TRANSFER PRICING: Where in course of appellate proceedings, Tribunal directed TPO to exclude depreciation, interest etc. to calculate operating profit, no substantial question of law arose from Tribunal's order

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

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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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