Monday, November 18, 2019

Registration of sale deed was irrelevant to tax capital gains arising on sale of property in relevant year: ITAT

INCOME TAX : Where possession of property was handed over to purchaser on full payment of sale consideration and sale deed was executed on 31-3-2009, while it was registered on 1-4-2009, capital gain tax would be chargeable in assessment year 2009-10 and not in 2010-11

from www.taxmann.com Latest Case Laws https://ift.tt/37iK4AH

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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...