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No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts

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  • No reassessment after 4 years alleging wrong allowance of exp. if assessee had disclosed all material facts
Posted onon May 19, 2015

Tenet Tax Daily May 16 2015

By tenettax-team
Corporate Tax

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No sec. 194J TDS on sale of goods to stockiest below MRP by treating the differential amount as managerial fees
Purchase of technical know-how couldn’t be taxed as royalty, says ITAT

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