CORPORATE AND PROFESSIONAL UPDATES 28TH JUNE 2018
Direct Tax : Karnataka HC dismisses Revenue’s appeal challenging ITAT’s comparables selection for software developer assessee for AY 2006-07, lays down law on interpretation of ‘substantial question of law’ in respect of appeals against comparables selection in TP cases; [TS-475-HC-2018(KAR)- TP] Mumbai ITAT upholds CIT(A)’s order accepting separate benchmarking of assessee’s transactions under Business model 1 …