Tuesday, October 15, 2019

SLP dismissed against ruling allowing dep. on leased assets as genuineness of lease transaction duly established

INCOME TAX: Where High Court upheld Tribunal's order allowing assessee's claim of depreciation on leased assets by taking a view that assessee had brought on record reliable documentary evidence showing genuineness of lease transactions in question, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/32hABqB

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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...