Wednesday, July 25, 2018

Disallowance of exp. incurred for earning exempt income in excess of actual exempt income wasn't justified: HC

IT: Where Assessing Authority disallowed expenditure incurred by assessee for earning exempt income in excess of actual exempted income, same was unjustified

from www.taxmann.com Latest Case Laws https://ift.tt/2uNIu8j

No comments:

Post a Comment

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...