Mumbai ITAT rejects Assessees’s claim for selling software without mark-up to AE. Cites BEPS Concerns
Validity of Notice issued with respect to section 201(1)/201(1A) compelling assessee to produce books of account vs. Limitation period
Even if Assessee failed to claimed deduction in return of Income, Assessing Officer was directed to allow seduction.
Liquidated damages paid for delay in delivery of machinery not allowable if liability hadn’t crystalise during year