Thursday, November 7, 2019

Disallowance of commission exp. held valid as assessee failed to substantiate claim of exp.

INCOME TAX: Where assessee was engaged in sending students in foreign countries, commission paid to persons could not give detail of even a single student whom they referred to assessee, disallowance of 50 per cent of reference commission was proper

from www.taxmann.com Latest Case Laws https://ift.tt/2WRe95C

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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...