Thursday, August 23, 2018

Providing hostel facility to students falls under purview of 'education' under Sec. 2(15): ITAT

IT: Where providing hostel facility to students is an essential component of education institution and also an aid for attaining educational object, said activity would fall under purview of 'education' as provided under section 2(15)

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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...