Friday, December 7, 2018

Dep. was allowable on public roads by treating them as buildings; SLP dismissed

IT : Where High Court upheld order passed by Tribunal allowing assessee's claim of depreciation on public roads treating same as building, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2E7WFuF

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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...