Monday, October 26, 2020

CIT isn't empowered to verify genuineness of trust activities while granting Sec. 12AA registration

INCOME TAX : Verification of genuineness of activity is not condition precedent for granting registration under section 12AA

from www.taxmann.com Latest Case Laws https://ift.tt/3osVeM0
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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...