Wednesday, May 13, 2020

Matter remanded to decide whether sale of family property was taxable in hands of assessee or in hands of HUF

INCOME TAX: Where capital gain on sale of a family property was taxed in hands of assessee in individual capacity without deciding fundamental issue whether property was of HUF or of assessee in individual capacity, said issue was remanded for fresh decision

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

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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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