Tuesday, May 29, 2018

Co. operating a diagnostic center isn't comparables to co. carrying out R&D in relation to development of seeds

IT/ILT: A company operating a diagnostic centre and not engaged in research services cannot be considered as comparables to assessee carrying out R & D in relation to development of seeds

from www.taxmann.com Latest Case Laws https://ift.tt/2LCM9wA

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...