Monday, April 1, 2019

Transfer of sub-tenancy right is chargeable to tax under head 'capital gains' and not under 'other sources'

IT : A sub-tenancy right is a capital asset

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

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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...