corporate and professional update dated march 1,2016
CORPORATE AND PROFESSIONAL UPDATE DATED MARCH 1,2016 Direct Tax TP: Turnover is a relevant factor to consider comparability. [CIT vs. Pentair Water India Pvt. Ltd (Bombay High Court)]. A mere change in the head of income does not attract a concealment penalty. [CIT vs. Shri. Hiralal Doshi (Bombay High Court)]. CBDT: CBDT has issued Clarification for the implementation …