Tuesday, June 23, 2020

SLP filed having low tax effect was to be dismissed as withdrawn: SC

INCOME TAX : Where High Court upheld Tribunal's order holding that ex gratia payment made by assessee to its employees was on account of commercial expediency and, thus, same was to be allowed as deduction, SLP filed against said order was to be dismissed due to low tax effect

from www.taxmann.com Latest Case Laws https://ift.tt/3fNjm6F

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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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