Saturday, August 1, 2020

SLP granted against ruling that insurance Co. not liable to TDS on commission paid for receiving reinsurance premium

INCOME TAX: SLP granted against High Court ruling that prior to assessment year 2011-12, there was no provision which required revenue to disallow deduction of loss on sale of investment made by general insurance companies, hence same could not have been disallowed

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