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Sum paid to sisters to acquire absolute title to property held as exp. in connection with transfer
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Corporate Tax
Sum paid to sisters to acquire absolute title to property held as exp. in connection with transfer
Posted on
on
January 21, 2016
Tenet Tax Daily January 20 2016
By
tenettax-team
Corporate Tax
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Co. rendering agency services to its foreign Head Office had to allocate exp. on basis of GP ratio instead of turnover
ITAT had to remand back case instead of appreciating the facts itself if CIT(A) didn’t confront assessee with new facts
