Saturday, February 2, 2019

Person paying consideration for purchase of property is not owner but title holder

CL : Persons making contribution for purchase of property are not owners of property but property in law is of persons in whose name title with respect thereto has been recorded

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

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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...