Monday, July 1, 2019

SC dismissed SLP against HC's order rejecting claim of dep. as assessee was eligible for sec. 11 relief

INCOME TAX: Where High Court rejected revenue's plea to effect that since assessee's income was eligible for exemption under section 11, Tribunal should not have allowed assessee's claim for depreciation as same would amount to granting double deduction, SLP filed against order of High Court was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/309dpJN

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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...