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Income Tax - Highlights / Catch Notes

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TP Adjustment - Purchase of fixed assets - TPO added the entire ...

Income Tax

May 6, 2022

TP Adjustment - Purchase of fixed assets - TPO added the entire amount of fixed assets purchased by the assessee from its AE’s during the year - the fixed assets purchased by the assessee cannot be taken as NIL and the value assigned by the custom authorities are to be taken as the fair value of the fixed assets purchased by the assessee - AT

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