Thursday, February 20, 2020

Exp. incurred by builder on brokerage and commission on booking of properties allowable; SLP dismissed

INCOME TAX : Where High Court upheld Tribunal's order holding that in case of assessee, a builder, expenses incurred on brokerage and commission on booking of properties being a finance/selling expenses, were allowable in full, SLP filed against said order was to be dismissed

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

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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...