Friday, January 18, 2019

Sec. 14A disallowance couldn't exceed exempt income earned during the year : HC

IT: Disallowance under section 14A cannot exceed exempt income of relevant year

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

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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...