Monday, May 13, 2019

Conversion of paddy into rice is manufacturing activity; eligible for sec. 80-IA/80-IB deduction

IT: Conversion of paddy into rice is a manufacturing activity

from www.taxmann.com Latest Case Laws http://bit.ly/2Jl2Sqm

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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...