Tuesday, September 10, 2019

No need to issue draft order for rectifying mistakes having crept in while giving effect to DRP's directions

TRANSFER PRICING: An order passed by Assessing Officer rectifying mistakes crept in while giving effect to DRP's directions for making ALP adjustment, can only be appealed before Income Tax Appellate Tribunal, and Assessing Officer was not required to issue any draft for such order

from www.taxmann.com Latest Case Laws https://ift.tt/34xtKuA

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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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