Friday, November 1, 2019

Feeble attempt to get order of Tribunal recalled isn't permissible: Mumbai ITAT

TRANSFER PRICING: Where assessee sought rectification of Tribunal's order upholding addition made by TPO to assessee's ALP in respect of various international transactions entered into with AEs, since assessee failed to bring necessary material on record i.e. copies of agreements entered into with AEs, rectification application filed by it merely amounted to a feeble attempt to somehow get order of Tribunal recalled which was not permissible under section 254(2) and, thus, assessee's application

from www.taxmann.com Latest Case Laws https://ift.tt/323QSyy

No comments:

Post a Comment

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...