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ITAT removes effect of cost reimbursed from AE as comparable wasn’t getting any reimbursement for its services

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  • ITAT removes effect of cost reimbursed from AE as comparable wasn’t getting any reimbursement for its services
Posted onon June 16, 2016

Tenet Tax Daily June 17 2016

By tenettax-team
Corporate Tax, International Tax

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Exp. incurred to replace various parts of machinery treated as revenue exp. as no new asset brought into existence
No concealment penalty could be imposed just because an expenditure was disallowed due to TDS default

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