Monday, May 13, 2019

Payment for delayed allotment of plot of land by housing corporation isn't interest u/s 2(28A); SLP dismissed

IT : SLP dismissed against High Court ruling that payment for delayed allotment of plot of land by Housing Corporation was not 'interest' under section 2(28A)

from www.taxmann.com Latest Case Laws http://bit.ly/2Jf4emF

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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