Wednesday, March 20, 2019

SC dismissed SLP against HC's ruling that interest earned on sum lent to contractor was business income

IT: Where High Court upheld Tribunal's order holding that interest earned by assessee on sums lent to contractor constituted its business income, SLP filed against decision of High Court was to be dismissed

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

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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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