Tuesday, November 5, 2019

Dep. on valuation of investment portfolio allowable if investments were held as stock-in-trade by bank; SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's order holding that depreciation on valuation of investment portfolio was allowable by treating investments held by assessee bank as stock-in-trade, SLP filed against order of High Court was to be dismissed

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

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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...