Monday, June 25, 2018

Interest on NPAs not taxable on accrual basis as per guidelines of RBI; SC dismissed SLP

IT: Interest on non-performing assets is not taxable on accrual basis looking to guidelines of Reserve Bank of India: SLP dismissed

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

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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...