Wednesday, July 1, 2020

ITAT allowed PWC’s FTC claim raised before AO subsequent to filing of return

INCOME TAX : Foreign tax credit, as per India USA-Treaty, is allowable to an assessee; claim raised before Assessing Officer for FTC paid subsequent to filing of return was to be allowed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194861/itat-allowed-pwc’s-ftc-claim-raised-before-ao-subsequent-to-filing-of-return.aspx

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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...