Thursday, January 16, 2020

Foreign currency exp. incurred for providing services outside India to be included for computing sec. 10B deduction

INCOME TAX : SLP dismissed against High Court ruling that foreign currency expenditure incurred for providing software development services outside India cannot be excluded from export turnover for purpose of computing deduction under section 10B

from www.taxmann.com Latest Case Laws https://ift.tt/35SxxlG
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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...