CORPORATE AND PROFESSIONAL UPDATES 13TH AUG 2018
Direct Tax : Bombay HC dismisses Revenue’s appeal, upholds ITAT’s exclusion of 4 comparables on grounds of functional dissimilarity, abnormal profit etc. for assessee providing software development services to AE for AY 2008-09; States that “Revenue has failed to show as to how the finding arrived at by the Tribunal is perverse in any manner. Nor …