Monday, September 23, 2019

TPO couldn't brush aside documentary evidences without controverting same: ITAT

TRANSFER PRICING: Where TPO brushed aside documentary evidences submitted by assessee with regard to its international transactions for availment of certain services from its overseas AE without controverting same and, further, determined ALP of said transactions as Nil without applying any method, TPO's approach was not in accordance with spirit of law

from www.taxmann.com Latest Case Laws https://ift.tt/2V6GnIS

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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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