Wednesday, November 13, 2019

SC granted SLP against HC's ruling that provisions of sec. 40A(3) applicable even in case of block assessments

INCOME TAX : SLP granted against High Court ruling that even in case of block assessment it is mandatory to apply provisions of section 40A(3)

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

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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...