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No penalty for non-maintenance of TP docs if assessee furnished updated margins of earlier comparables

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  • No penalty for non-maintenance of TP docs if assessee furnished updated margins of earlier comparables
Posted onon May 14, 2016

Tenet Tax Daily May 14 2016

By tenettax-team
Corporate Tax, International Tax

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Reasons to believe for reassessment has to be furnished even when assessment is completed under sec. 143(1)
Refund arising out of Tribunal’s order must be granted to assessee even if dept. preferred appeal before HC

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