Saturday, February 29, 2020

Electricity provided to other units to be valued at rate charged from consumers for sec. 80-IA deduction, SLP granted

INCOME TAX : SLP granted against High Court ruling that no disallowance of payment made by assessee could be done merely relying on statement of payee recorded during search

from www.taxmann.com Latest Case Laws https://ift.tt/395TLD8
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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...