Tuesday, July 7, 2020

No SLP against ruling allowing relief u/s 14A as that no investment was made out of interest bearing funds

INCOME TAX : Where High Court upheld Tribunal's order allowing partial relief to assessee under section 14A by taking a view that no investment was made by assessee in shares and securities out of interest bearing funds, SLP filed against said order was to be dismissed due to low tax effect

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

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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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