actual
costs incurred by the assessee and is subjected to "Prudence check".
14. If the revenue for the year exceeds the 'trued
actual costs incurred by the assessee and is subjected
to "Prudence check". Thereafter, the final cost was trued up.
5. If the revenue
courts.
Therefore, it is not as if there is no check on the exercise of
discretion by the AO."
The AO can, therefore, determine ... does not hold any water in as much as
the commercial prudence cannot be questioned by him while making
transfer pricing adjustment
Assessing Office totally failed to apply test of human
probabilities and check the surrounding circumstances in considering
ENTIRE ADVANCE RECEIVED IN THE CURRENT YEAR against ... fixed for the land to the buyer. No man of even
ordinary prudence will transfer possession without fully getting the full
consideration unless
been examined by the ITO (lnv) to check
creditworthiness of the company which is as under:-
A.Y. Returned income Turnover Total loan given Total ... going with the business prudence that a company earning income
of only Rs. 2,02,492/- and has given unsecured loan
M/S. At & T Global Network Services ... vs Dcit, New Delhi on 18 September
Bg Exploration & Production India Ltd., ... vs Jcit, Dehradun on 24 April, 2017
B G
Neeraj Singal, New Delhi vs Acit, Central Circle- 3, New Delhi on 31 October, 2018
Brij Bhushan Singal, New Delhi vs Acit, Central Circle- 3, New Delhi on 7 April
Ito, Exemption Ward , Ghaziabad vs United Educational Society C/O Nimt ... on 28 June, 2019