Monday, April 1, 2019

SC granted SLP against HC's ruling holding that non-compete fee paid by assessee was allowable exp.

IT: Where High Court upheld Tribunal's order holding that non-compete fee paid by assessee to founder of transferor company constituted business expenditure, SLP filed against said decision of High Court was to be granted

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

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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...