Saturday, November 23, 2019

Additional tax liability determined on buy back of shares can be challenged by filing an appeal

IT : Supreme Court upholds order of High Court in Genpact India (P.) Ltd. v. Deputy Commissioner of Income-tax [2019] 108 taxmann.com 340 (Delhi). It holds that an appeal would be maintainable against determination of liability under section 115QA

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