Dispute Resolution Panel objections must reach both prescribed forums; otherwise assessment may proceed and statutory appeal remains the proper remedy...
Political contribution deductions require recipient party compliance with contribution-reporting conditions; banking-channel donations alone do not qu...
Aggregation under TNMM prevents selective testing of intra-group services without comparable uncontrolled transactions, while appellate additional cla...
Protective assessment cannot duplicate identical receipts under competing characterisations; remote services did not establish a taxable permanent est...
Current account treatment of overseas tournament services removed most FEMA findings, but excess EEFC remittance and delayed repatriation remained bre...
Modification of bail conditions remains available through inherent jurisdiction where onerous deposits undermine justice and cannot recover disputed d...
Applicability of provisions of Section 44BBB - Once the...
Section 44BBB Inapplicable: Additions Against Domestic Companies Unjustified; Assessing Officer Failed to Justify Loss Disallowance and Transfer Pricing.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Applicability of provisions of Section 44BBB - Once the provisions and Section 44BBB are not applicable to domestic company, there were no justification even to place reliance upon the said provision while making the addition against the assessee - A.O. has neither given reasons as to why the losses incurred by the assessee are not allowable nor the applicability of provisions of transfer pricing - addition not sustainable
Applicability of provisions of Section 44BBB - Once the provisions and Section 44BBB are not applicable to domestic company, there were no justification even to place reliance upon the said provision while making the addition against the assessee - A.O. has neither given reasons as to why the losses incurred by the assessee are not allowable nor the applicability of provisions of transfer pricing - addition not sustainable
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4800
Join Channel
TaxTMI 
