Wednesday, December 19, 2018

Deemed dividend couldn't be assessed if assessee wasn't a shareholder in lender company: ITAT

IT: Deemed dividend can be assessed only in hands of a person who is a shareholder of lender company and not in hands of a person other than a shareholder

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

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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...