Wednesday, March 27, 2019

No question of accumulation of income if trust had spent more than 100% of its income during the year: ITAT

IT : Where assessee applied income on charitable activities over and above its gross total income, no question of accumulation at rate of 15 per cent would arise

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