Wednesday, February 12, 2020

Interest on enhanced compensation awarded under Land acquisition Act, eligible for section 10(37) exemption

INCOME TAX : Interest received on enhanced compensation under section 28 of Land Acquisition Act, 1894 is eligible for exemption under section 10(37)

from www.taxmann.com Latest Case Laws https://ift.tt/2SQ0fiP

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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