Monday, October 1, 2018

SLP admitted against ruling that securities kept on 'HTM' could be valued on cost or market price

IT: Where High Court concluded that securities kept by assessee on basis of 'Held to Maturity' (HTM), could be valued by using method of cost or market price whichever is less, SLP filed against said decision of High Court was to be allowed

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

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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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