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Income Tax - Highlights / Catch Notes

Home Highlights June 2021 Year 2021 This

TP addition - Specified Domestic Transaction (SDT) of Rent ...

Income Tax

June 12, 2021

TP addition - Specified Domestic Transaction (SDT) of Rent payment - Once it is held that the property was used by the assessee for its business purpose and the Revenue brought no contrary reliable evidence on record, the case of the TPO applying `Other method’ and determining Nil ALP on the ground that no independent party would have paid any rent for not having occupied the premises, fails. - AT

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