Thursday, January 2, 2020

Disallowance under section 14A can’t exceed exempt income of relevant year; SLP dismissed

INCOME TAX: SLP dismissed against High Court ruling that disallowance under section 14A cannot exceed exempt income of relevant year

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000192098/disallowance-under-section-14a-can’t-exceed-exempt-income-of-relevant-year-slp-dismissed.aspx
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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...