Saturday, October 19, 2019

No. Sec 54B relief if agricultural land was converted into residential plot before sale

INCOME TAX : Where agricultural land was converted into residential plots and not used for agricultural purpose, deduction under section 54B could not be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/2oYDe27
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...