Wednesday, August 22, 2018

AO couldn't step into shoes of assessee to decide amount to be paid to avail a particular service

IT: There being no dispute that services was rendered to assessee, Assessing Officer cannot step into shoes of assessee to-re fix amount that should have been paid; section 37(1) does not have any restriction to amount paid so long expenditure is incurred for business

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

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...