Thursday, July 26, 2018

Even if demerged co. didn't maintain separate books of account, resulting co. could carry forward its losses

IT : In order to avail benefit of clause (a) of sub-section (4) of section 72A, maintenance of separate books of account is not mandatory

from www.taxmann.com Latest Case Laws https://ift.tt/2LChF0E
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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...