Thursday, September 10, 2020

Assessee was entitled to receive interest on delayed payment of interest on refund under section 244A

INCOME TAX : Interest on delayed refund becomes part of principle amount and, thus, delayed interest includes interest for not refunding principle amount as well as interest on delayed refund

from www.taxmann.com Latest Case Laws https://ift.tt/2ZpXsRd

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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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