Friday, August 31, 2018

HC confirmed quashing of sec. 154 order as AO considered entire issue afresh in name of rectifying mistake

IT : Rectification to recalculate indexed cost of acquisition not justified

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

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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...