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No addition on basis of remand report by AO if he failed to verify authenticity of facts on merits

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  • No addition on basis of remand report by AO if he failed to verify authenticity of facts on merits
Posted onon February 5, 2015

Tenet Tax Daily February 05 2015

By tenettax-team
Corporate Tax

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TP norms would not put fetters on selection of foreign comparables if Indian Cos didn’t satisfy test of comparability
Ad-hoc sec. 40(a)(ia) disallowance made as books didn’t show true state of affairs on job charges paid to affiliate

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