CORPORATE AND PROFESSIONAL UPDATES 13TH APRIL 2018
Direct Tax: Delhi High Court held that Reopening after 4 years with approval of DIT instead of JCIT is invalid Yum! Restaurants Asia Pte. Ltd. Vs. Dy. DIT & Ors. (Delhi High Court) HC: Dismisses Revenue’s appeal; Confirms location savings, human & supply-chain intangibles TP-adjustment deletion[TS-230-HC-2018(DEL)-T P] ITAT: Can’t exclude companies with opera ting losses considering …