Wednesday, January 29, 2020

Proviso to section 50C inserted by FA, 2018 with effect from 1-4-2019 is applicable with retro effect

INCOME TAX: Third proviso to section 50C is applicable from 1-4-2003

from www.taxmann.com Latest Case Laws https://ift.tt/2S1leyJ

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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...