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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Applicability of provisions of Section 44BBB - Once the ...

Income Tax

August 13, 2019

Applicability of provisions of Section 44BBB - Once the provisions and Section 44BBB are not applicable to domestic company, there were no justification even to place reliance upon the said provision while making the addition against the assessee - A.O. has neither given reasons as to why the losses incurred by the assessee are not allowable nor the applicability of provisions of transfer pricing - addition not sustainable

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