Monday, July 2, 2018

Sum received by 'Confirming Party' not to be treated as sales consideration while computing capital gains: HC

IT: In case of sale of property, assessee is required to offer capital gain only in respect of amount actually received by him as per sale deed even though a part of sale consideration is also received by confirming party

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

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

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