Tuesday, November 26, 2019

Deeming provisions introduced by section 43CA for the purpose of land & building cannot be applied retrospectively

INCOME TAX: Provisions of section 43CA introduced with effect from 1-4-2014 would be applicable prospectively from assessment year 2014-15

from www.taxmann.com Latest Case Laws https://ift.tt/2Dg8SeT

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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...