Saturday, June 22, 2019

Sec. 80-IAB relief allowable as SC stayed HC’s ruling that DLF fraudulently acquired land for SEZ project: ITAT

Income Tax: Where P&H High Court's order holding that land on which SEZ project was constructed was acquired by assessee fraudulently was stayed by Supreme Court, deduction under section 80-IAB could not be denied when project had already been completed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188853/sec-80-iab-relief-allowable-as-sc-stayed-hc’s-ruling-that-dlf-fraudulently-acquired-land-for-sez-project-itat.aspx

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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...