Friday, July 27, 2018

Employee eligible for sec. 10(10C) exemption even if VRS wasn't in conformity with Rule 2BA

IT : Assessee, a retired employee of bank, having opted for voluntary retirement under Voluntary Retirement Scheme was eligible for exemption under section 10(10C)

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

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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...