Wednesday, August 1, 2018

RBI issues statement on Development and Regulatory Policies

The Reserve Bank of India (RBI) has set out various developmental and regulatory policy measures for strengthening regulation and financial inclusion initiatives; broadening and deepening of the financial market; and, enhancing customers education and protection.

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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...