TPO cannot introduce new adjustment in current AY without consistency from prior years for identical transactions: ITAT [Read Order]

CBDT Notifies Changes in Declaration Form 60 For Non-Pan Holders including a Foreign Company to carry out Transactions Specified in Rule 114B: Amends Income Tax Rules

Central Government Excludes Aircraft-Related Transactions under the Purview of Section 14(1) of Insolvency and Bankruptcy Code [Read Notification]

Methods for Computation of Arm’s Length Price under Income Tax Act 1961

Addition u/s 68 of Income Tax Act shall be made when Identity, Creditworthiness, and Genuineness of transactions are not satisfactorily explained by Assessee: ITAT [Read Order]

CBDT notifies amendment in Transactions not regarded as Transfer u/s 47 of Income Tax Act [Read Notification]