Functional comparability under TNMM supported exclusion of ITeS comparables with R&D, intangibles, diversified operations, or unavailable segmental da...
Functional comparability governs selection of support-service and IT-enabled service comparables, with verification required for unresolved data and m...
Penalty u/s 271B - assessee submitted the audited financial statements but failed to furnish report of audited accounts (audit report) as required u/s 44AB - When the specific provision contained in the statute is unambiguous in this respect, we cannot hold otherwise based on any circular of the Department. - Levy of penalty confirmed.
Penalty u/s 271B - assessee submitted the audited financial statements but failed to furnish report of audited accounts (audit report) as required u/s 44AB - When the specific provision contained in the statute is unambiguous in this respect, we cannot hold otherwise based on any circular of the Department. - Levy of penalty confirmed.
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