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ITAT quashed AO’s order as ALP of royalty paid for use of brand couldn’t be determined as NIL
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Corporate Tax
ITAT quashed AO’s order as ALP of royalty paid for use of brand couldn’t be determined as NIL
Posted on
on
October 12, 2018
Tenet Tax Daily September 25 2018
By
tenettax-team
Corporate Tax
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AO couldn’t disallow part of expense if it was incurred wholly & exclusively for business purpose
Property situated in USA occupied by daughter would be treated as deemed let out property & not self-occupied
