Thursday, September 17, 2020

Provisions of Sec. 50C not applicable on sale of development rights

INCOME TAX : Provisions of section 50C could not be applicable to sale of development rights in respect of buildings

from www.taxmann.com Latest Case Laws https://ift.tt/35IyHnj

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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...