Saturday, March 30, 2019

Sec. 80HH deduction is available out of gross profit without deduction of dep. & investment allowance: SC

IT : Section 80HH deduction is available out of gross profit and gains without deducting therefrom 'depreciation and investment allowance'

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

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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...