Friday, December 7, 2018

Provision of sec. 43B couldn't be invoked with regards to duty & surcharge collected by state electricity board

IT: Section 43B could not be invoked for making assessment of liability of assessee State Electricity Board with regard to amount of electricity duty and surcharge collected by it as an agent of State of Kerala

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

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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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