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Topics - raoanant

#1
Discussion / TRIAL RUN INCOME
May 02, 2012, 06:21:57 PM
TRIAL RUN INCOME REDUCED FROM TRIAL RUN EXPENSES AND THE NET TRIAL RUN  EXPENSES CAPITALISED TO FIXED ASSETS - INCOME TAX TREATMENT ?
#2
Discussion / ARMS LENGTH PRICE - TP PROVISIONS
August 06, 2011, 08:28:13 PM
A SOFTWARE COMPANY EARNED NET PROFIT OF ABOUT 50 %  DEPENDING UPON THE NATURE OF TRANSACTIONS AND THE OPPORTUNITIES PROVIDED BY MARKET DURING 2-3 YEARS.  THE ARMS LENGTH PROFIT IS ABOUT 15 %. WHETHER AO CAN RESTRICT THE PROFIT TO 20 % ?  THE CIT(A)  HAS PASSED AN ORDER IN FAVOUR OF THE ASSESSEE.  ANY DIRECT CASE LAWS  AS THE CASE IS IN ITAT ON DEPT. APPEAL.