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2015 (5) TMI 1105 - AT - Income TaxTPA - selection of comparable - Held that:- The assessee company is engaged in the business of software development and export. thus companies functionally dissimilar with that of assessee need to be deleted from final list of comparable. Reimbursement of expenditure - Held that:- A.O. himself has agreed that the reimbursement of expenditure does not figure in the P & L account and perusing the paper book at pages 1, 3 and 11 we are convinced that it is only a balance sheet entry and not debited to the P & L account. Hence, we allow the ground with respect to reimbursement of expenditure raised by the assessee before us.
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