Friday, September 18, 2020

Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 introduced in Lo

The Finance Minister, Smt. Nirmala Sitharaman has introduced the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Bill, 2020 in the Lok Sabha. The bill seeks to amend various sections of the Income-tax Act.

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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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