Monday, February 24, 2020

SLP granted against ruling that MAT provisions, as stood at relevant time, not applicable on banking/insurance Cos

INCOME TAX : Where In appellate proceedings, High Court held that provisions of section 115JB, as it stood at relevant time, would not apply to Banking Companies or Insurance Companies, SLP filed against said order was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/37WK0FY
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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...