Tuesday, December 11, 2018

Sec. 269T not applicable in respect of payment of interest; ITAT deleted sec. 271E penalty

IT : Where assessee builder could not prove expenditure incurred with relevant books and vouchers, estimation of income at rate of 11 per cent was reasonable

from www.taxmann.com Latest Case Laws https://ift.tt/2QIk3Wa
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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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