Friday, September 20, 2019

Loss claimed by devaluing book value of shares couldn't be allowed as deduction; SLP dismissed

INCOME TAX: SLP dismissed against ruling that loss claimed by assessee by devaluing book value of shares purchased by them, could not be allowed as business loss

from www.taxmann.com Latest Case Laws https://ift.tt/30zzKQr
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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...