Monday, February 10, 2020

Unutilised ITC not deductible as expense as it can't be said to be actually paid by the assessee as per Sec. 43B: SC

INCOME TAX : Unutilised credit under MODVAT scheme does not qualify for deductions under section 43B

from www.taxmann.com Latest Case Laws https://ift.tt/31HukVE
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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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