Wednesday, September 5, 2018

SLP admitted to decide whether exp. incurred on refurnishing & repairs of assets taken on lease was revenue exp.

IT: SLP granted against impugned order of High Court holding that expenditure incurred on refurnishing, repairs and improvement of assets taken on lease is revenue expenditure

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

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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...