Monday, November 4, 2019

Assessee couldn't adopt different methods for computing value of property under Income-tax Act & Wealth Tax Act

INCOME TAX : Where assessee had adopted a value of property sold by it at certain amount under Wealth tax Act, assessee could not adopt a different valuation of property for purposes of computing long term capital gain under Income-tax Act

from www.taxmann.com Latest Case Laws https://ift.tt/33e1NqH

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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...