Saturday, June 29, 2019

Asset Reconstruction Cos. can acquire financial assets from other reconstruction Cos.: RBI

In order to ease of doing business, the Reserve Bank of India (RBI) has decided to permit Asset Reconstruction Companies to acquire financial asset from other ARCs after fulfilling the specified conditions.

from taxmann.com News https://ift.tt/2FITI3E

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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...