Tuesday, August 20, 2019

SC justifies 3 percent rate to benchmark income on account of guarantee commission chargeable to AE

TRANSFER PRICING: Where addition was made to income of assessee on account of guarantee commission chargeable to its Associate Enterprises, benchmark fixed by TPO at 3 per cent was correct

from www.taxmann.com Latest Case Laws https://ift.tt/2Z4SOdm

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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...