Saturday, April 25, 2020

SLP filed having low tax effect was to be dismissed as withdrawn: SC

INCOME TAX : SLP dismissed as withdrawn due to low tax effect against High Court ruling that ALV of flats built by assessee, engaged in construction business, lying unsold, is assessable as income from house property

from www.taxmann.com Latest Case Laws https://ift.tt/2x6kl1a
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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...