Friday, February 28, 2020

Newly registered trust is entitled for sec. 12AA registration though no charitable activity has been undertaken: SC

INCOME TAX: A newly registered Trust is entitled for registration under section 12AA on basis of its objects, without any activity having been undertaken

from www.taxmann.com Latest Case Laws https://ift.tt/32BKAYx

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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...