Tuesday, September 3, 2019

Provision of section 56(2) not applicable on bonus shares received from co.: ITAT

INCOME TAX: Provisions of sub-clause (c) of clause (vii) of section 56(2) would not apply to bonus shares

from www.taxmann.com Latest Case Laws https://ift.tt/2LoFgj9

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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...