ITAT Deletes Adhoc TP Adjustment Made Due To Difference In Amount Reported By Assessee In Its Form 3CEB Following Receipt Basis As Against Accrual Basis Followed By The AE
Delhi High Court Explains Law On Permanent Establishment (PE), Quashes Reassessment Proceedings Ruling Out Any Form Of PE As Alleged By The Revenue
Tax Tribunal Rules On Taxability Of Design And Engineering, Supervisory Receipts And Reimbursement Under Cost Contribution Agreement
Provision Made For Customer Loyalty Points Is An Allowable Deduction
Amendment Made In Section 71 Of Income Tax Act By Inserting Sub-section (3A), Restricting Set Off Of Loss Under Head ‘Income From House Property’ Against Any Other Head Of Income To An Amount Of Rs. 2 Lakh Is Not Ultra Vires The Constitution Of India
