Thursday, September 26, 2019

No denial of sec. 10B relief if sister concern that merged with assessee was also an EOU; SLP dismissed

INCOME TAX: SLP granted against High Court ruling that where assessee's claim for exemption under section 10B was rejected on ground that its sister concern got merged with it, in view of fact that both firms were doing same business and assessee's sister concern was also an EOU, impugned order rejecting assessee's claim was to be set aside

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

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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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