Thursday, January 2, 2020

SC dismissed SLP as tax effect involved in appeal was less than prescribed limit

INCOME TAX: Where High Court deleted disallowance made by revenue authorities by applying provisions of section 14A, read with rule 8D, in view of fact that tax effect involved in matter was less than Rs. two crores, SLP filed against High Court's decision was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/36jWCqS

No comments:

Post a Comment

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...