Capacity Utilization Adjustment in transfer pricing allowed for early years of operation where comparables had on average higher utilization ABCAUS Case Law Citation: ABCAUS 3062 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties: Global Vantedge (P) Ltd. Vs. DCIT E-Gain Communications Pvt. Ltd. 118 TTJ …

Concealment penalty on filing revised return after enquiry by Investigation Wing deleted as revised return was within the stipulated period prescribed u/s 139(5) ABCAUS Case Law Citation:ABCAUS 3061 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:CIT Vs. Kulwant Singh’ (2019) 104 Taxmann.com 340  The instant …

Cash deposited in bank from amount given by husband for household expenses. ITAT accepted the explanation and deleted addition made u/s 69A ABCAUS Case Law Citation: ABCAUS 3060 (2019) (07) ITAT The instant appeal was filed by the assessee against the order of the CIT(A) whereby he partially …

Income of non resident shipping company u/s 172-Assessee asked to furnish proof that income tax return filed in foreign country or certificate from IRA ABCAUS Case Law Citation:ABCAUS 3059 (2019) (07) ITAT Important Case Laws Cited/relied upon by the parties:Alabra Shipping Pte Ltd. (2016) 129 DTR (Rjt) (Trib) …

Clarifications on frequently asked questions (FAQ), regarding filing of NFRA-1 form Q 1. Who needs to file NFRA-1 Form? Ans. Kindly refer to the chart below: * As on date, no Body Corporate has been notified under Section 1 (4) (f) of the Companies Act, 2013. # A foreign company …

Issues on payment of 3rd installment under IDS-2016. Bank Holidays towards due-date and delayed credit by Bank. CBDT Circular Circular  No. 15/2019 Government of IndiaMinistry of Finance Department of RevenueCentral Board of Direct Taxes (ITA. II) North Block, New Delhi, the 12th day of July, 2019 Subject: Issues …