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ITAT upheld CIT’s revisional order as AO had erroneously granted higher depreciation on windmills

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Posted onon October 31, 2014

Tenet Tax Daily October 31 2014

By tenettax-team
Corporate Tax

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Rent paid to a depot agent under a composite service agreement would attract 194C and not sec. 194-I TDS
Sec. 92CA only empowers TPO to determine ALP of transaction; he can’t reject payment made to AE

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