Wednesday, September 18, 2019

Provision for diminution in value of investment actually written off couldn't be added to book profit

INCOME TAX: Provision for diminution in value of investment, having been actually written off, cannot be added to book profit under section 115JB(2)(i)

from www.taxmann.com Latest Case Laws https://ift.tt/2M1rL9g
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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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