Articles by kanika

Section 143(1) Scheme of processing of return

kanika 02 January 2020 at 10:12

If return is filed having a claim of refund and case is selected for scrutiny under section 143(2), then the refund shall be granted to the assessee under section 143(1). ITD can't stop the refund till the completion of assessment under section 143(3).The return shall be processed under section 143(1) even if the case is selected for scrutiny and there is a refund.

Domestic Transfer Pricing and Safe Harbour Rules

kanika 31 January 2014 at 12:31

BACKGROUND - When associated enterprises deal with each other => - Commercial and financial aspects of the transactions are not influenced by external market sources => - Transfer price agreed between associated enterprises does not reflect mar