Saturday, August 15, 2020

No second innings should be given to appreciate the same set of facts already before the AO: ITAT grants relief to Volvo

The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that no second innings should be given to appreciate the same set of facts which were already before the Assessing Officer. The assessee, M/s Volvo Auto (India) Private Limited is a wholly owned subsidiary of Volvo Car Corporation and is engaged in the business of importing […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3arsoVD

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