Tuesday, December 10, 2019

Additions can be made by applying percentage completion method in case of real estate developer; SLP granted

INCOME TAX: Where High Court upheld Tribunal's order holding that in case of assessee, engaged in business of real estate development, addition could not be made by Assessing Officer on basis of percentage completion method, SLP filed against said order was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/3458gUx

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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...