Saturday, August 4, 2018

Sec. 14A couldn't be invoked if no exempt income was earned during the year: SC dismissed SLP

IT: SLP dismissed against High Court ruling that section 14A cannot be invoked where no exempt income was earned by assessee in relevant assessment year

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