Saturday, November 2, 2019

Prize money won in lucky draw wouldn't amount to lottery income: ITAT

INCOME TAX: Mere gratuitous distribution without any price being paid by customers for acquiring chance in Lucky draw of price coupons, would not amount to lottery

from www.taxmann.com Latest Case Laws https://ift.tt/2PCv8ab
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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...