Thursday, June 25, 2020

Correct determination of ALP not possible without allowing additional evidences to be admitted

TRANSFER PRICING: Where assessee was a captive IT enabled service provider whereas selected company was a specialised KPO service provider having a host of global clients, it was functionally different and could not be a comparable company

from www.taxmann.com Latest Case Laws https://ift.tt/3fV0zGK

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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...