Monday, March 9, 2020

Sum advance to subsidiary Co. would be 'capital asset' with in meaning of sec. 2(14)

INCOME TAX : Loan given by assessee to its subsidiary company would be covered by meaning of 'capital asset' under section 2(14)

from www.taxmann.com Latest Case Laws https://ift.tt/3aFyH72

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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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