Friday, July 3, 2020

Sections 234B and 234C interest aren't leviable when taxes are payable under MAT provisions: Bombay HC

INCOME TAX - I: Surplus arising on repayment of deferred sales tax loan at NPV is a capital receipt not liable to tax under section 41(1)

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