Thursday, May 2, 2019

Sum paid for minor repair and greasing of machinery won't attract TDS u/s 194J; SLP dismissed due to low tax effect

IT: SLP dismissed due to low tax effect against High Court ruling that where land belonging to State was encroached upon, and such encroachment was removed by assessee, and encroaching squatters/hutment dwellers were rehabilitated, there was no question of land being acquired by assessee and, therefore, provisions of section 194L would not be applicable

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

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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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