Thursday, August 2, 2018

RBI increases bank rate from 6.50 % to 6.75 % with immediate effect

The Reserve Bank of India (RBI) has adjusted the bank rate by 25 basis points from 6.50 % to 6.75 % with immediate effect

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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...