There have been lot of issues whether the amount paid in the facts and circumstances of each case is by way of diversion of income at source or application of income and even if there is no diversion of income but by the application of income does the amount expended qualify for deduction as an expenditure in the hands of the assessee?
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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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IT : Where during search conducted upon premises of assessee's cousin, key belonging to assessee's locker was found and search warra...
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2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
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