Monday, September 17, 2018

ITAT remanded matter to decide whether misc. income received by comparables could be treated as operating in nature

IT/ILT : Matter remanded to TPO/Assessing Officer to decide whether in absence of details and nature of miscellaneous income received by comparables, miscellaneous income could have been taken to be operating in nature

from www.taxmann.com Latest Case Laws https://ift.tt/2pdi6S4

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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