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Tax dept. couldn’t ignore ruling of Jurisdictional HC just because it had filed SLP on same issue
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Corporate Tax
Tax dept. couldn’t ignore ruling of Jurisdictional HC just because it had filed SLP on same issue
Posted on
on
July 14, 2017
Tenet Tax Daily July 10 2017
By
tenettax-team
Corporate Tax
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ITAT deleted AMP exp. adjustments as no benefit had accrued to AE on sale of India specified product in India only
Transfer of only specific ‘assets and liabilities’ in lieu of consideration couldn’t be held as demerger