Wednesday, January 15, 2020

SC dismissed SLP as assessee took a plausible views on method of accounting valuation of shares

INCOME TAX: Where High Court upheld Tribunal's order holding that assessee had followed an accepted method of valuation of shares and, thus, addition made by Assessing Officer in said respect was not sustainable, SLP filed against order of High Court was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2sw4Kpy

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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...