Tuesday, September 18, 2018

SLP granted against ruling that commission paid to agents on goods sold by them was allowable

IT: SLP granted against High Court ruling that where agents procured orders for assessee and made themselves liable to recover price of goods sold by them, commission paid to them would be allowable

from www.taxmann.com Latest Case Laws https://ift.tt/2PMmz9x

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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...