Friday, October 11, 2019

SLP dismissed against ruling that guarantee commission paid by assessee wasn't covered u/s 194H

INCOME TAX: Where High Court upheld Tribunal's order holding that payment of guarantee commission made by assessee to banks was not covered under 'commission or brokerage' as defined under section 194H, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/35oQNYR

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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...