Thursday, August 16, 2018

In absence of change in circumstances exp. to be allowed if same was allowed in earlier years: HC

IT : Where entire expenditure of assessee for earlier years and subsequent years was set off against professional income and no expenditure was allocated to capital gain, in absence of any change in circumstances, following rule of consistency, Tribunal was justified allowing same in relevant assessment years also

from www.taxmann.com Latest Case Laws https://ift.tt/2MtzY8t

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...