Saturday, May 4, 2019

Issuance of corporate guarantee without incurring any cost wouldn't constitute international transaction

IT/ILT: Issuance of corporate guarantees, without incurring any specific costs, does not constitute an international transaction within meaning of section 92B

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