Tuesday, April 9, 2019

SLP granted against ruling that interest received on compensation awarded under motor vehicle act is taxable

IT : Where High Court held that interest received on compensation awarded by Motor Accident Claims Tribunal payable to claimants on death of victim would fall within ambit of interest under section 2(28A), SLP filed against said order was to be granted

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

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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...