Belated Form 10B filing during Covid-19 cannot defeat charitable exemption where genuine hardship warrants condonation and substantial justice prevail...
Limitation for consequential assessments runs from prescribed authority receipt, while verified purchases cannot be disallowed merely for unanswered s...
Higher depreciation for qualifying commercial vehicles, exempt-income disallowance, research deduction verification, and club-expense treatment clarif...
Charitable registration renewal cannot become an assessment of receipts, profitability or annual exemption compliance, requiring renewal and donation ...
Page of 4805
Press 'Enter' after typing page number.
61 to 80 of 96100 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The ITAT upheld the order of the CIT(A) regarding the Transfer Pricing (TP) adjustment. The Tribunal concurred with the CIT(A)'s decision to exclude two companies with exports while determining the Arm's Length range. It also agreed that the Tested Party, M/s. Laila Nutra, which is the Associated Enterprise (AE) of the assessee, can be compared only with the comparables selected by the Transfer Pricing Officer (TPO), as they are functionally broadly similar to the AE as a Tested Party. The ITAT dismissed the Revenue's grounds of appeal, finding no infirmity in the CIT(A)'s order.
The ITAT upheld the order of the CIT(A) regarding the Transfer Pricing (TP) adjustment. The Tribunal concurred with the CIT(A)'s decision to exclude two companies with exports while determining the Arm's Length range. It also agreed that the Tested Party, M/s. Laila Nutra, which is the Associated Enterprise (AE) of the assessee, can be compared only with the comparables selected by the Transfer Pricing Officer (TPO), as they are functionally broadly similar to the AE as a Tested Party. The ITAT dismissed the Revenue's grounds of appeal, finding no infirmity in the CIT(A)'s order.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4805
Join Channel
TaxTMI 
