Tuesday, November 27, 2018

In absence of documentary evidence, Appellant couldn't be held guilty of having received forex from German-co.

FEMA: In absence of documentary evidence, appellant on basis of complaint by rival party could not have been held guilty of having received Foreign Exchange from German Company and deposited in his own personal account

from www.taxmann.com Latest Case Laws https://ift.tt/2Rj9OVi

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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...