Tuesday, June 25, 2019

SC dismissed SLP against HC's order allowing assessee's claim of deduction for advertisement exp.

INCOME TAX : Where High Court upheld Tribunal's order holding that advertisement expenses incurred by assessee being revenue in nature, were eligible for deduction under section 37(1), SLP filed against decision of High Court was to be dismissed

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

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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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