Monday, July 8, 2019

Assessee was eligible for sec. 10A deduction if it had applied for time extension for realization of funds: ITAT

INCOME TAX : Foreign remittances on export sales that were realized within specified time limit of six (6) months and those export sales proceeds for which extension of time limit was applied for by assessee to authorized bankers and applications had not been rejected, would be eligible for deduction under section 10A

from www.taxmann.com Latest Case Laws https://ift.tt/2XyGtgV

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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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