Wednesday, November 14, 2018

Second remand order wasn't justified if all facts for deciding appeal were available before ITAT

IT: When all materials which were necessary for deciding whether non-compete fees received/receivable by assessee was a revenue receipt or a capital receipt, Tribunal was not justified in ordering second remand

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

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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...