Monday, June 1, 2020

Matter remanded as ITAT didn’t record finding that whether Co. dealing in shares was investor or trader

INCOME TAX: Where Tribunal did not record any finding of fact that assessee was an investor in share and not trader before treating income from sale of shares as capital gain, matter was to be remanded back to decide afresh

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000188122/matter-remanded-as-itat-didn’t-record-finding-that-whether-co-dealing-in-shares-was-investor-or-trader.aspx

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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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