Thursday, April 11, 2019

No sec. 24 deduction if income earned from rented property was assessed as business income: HC

IT: Where assessee earned business income from renting out its property, and claimed depreciation on said building, claim of deduction under section 24 could not be allowed

from www.taxmann.com Latest Case Laws http://bit.ly/2G4mgE7

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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...