Tuesday, February 25, 2020

Sum paid towards vacating premises to be regarded as revenue exp.; SC dismissed SLP

INCOME TAX : Where High Court upheld Tribunal's order holding that amount paid by assessee to 'G' towards vacating its premises was to be regarded as revenue expenditure, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2HTNWg5

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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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