Friday, November 2, 2018

Both capital & revenue expenses were eligible for weighted deduction u/s 35(2AB); SC dismissed SLP

IT: SLP dismissed against order of High Court to effect that both capital and revenue expenses are eligible for weighted deduction under sec. 35(2AB), was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2qpDu7h

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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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