Thursday, April 16, 2020

Schools running with no free education or scholarship were to be held established with profit motive: Madras HC

INCOME TAX : Where only source of income for schools run by assessee - trust was fees collected from students and no free education or scholarship was provided, such schools were to be held established with profit motive

from www.taxmann.com Latest Case Laws https://ift.tt/2z5DCAB

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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...