Wednesday, April 17, 2019

Brought forward business loss & LTCG can be set off against short-term capital gains computed u/s 50

IT: Brought forward business loss and long term capital loss can be set off against short term capital gain computed under section 50 on sale of factory building being depreciable asset

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