Tuesday, January 22, 2019

Intangible assets being licenses, permits & business approvals purchased in slump sale eligible for dep.

IT: Where Special Auditor as well as Commissioner (Appeals) and Tribunal concurrently found deputation and other coats as reasonable and necessary to run business, same was to be allowed

from www.taxmann.com Latest Case Laws http://bit.ly/2FOFU8w

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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...