Monday, October 19, 2020

Dep. on admission fees and processing charges paid towards membership of stock exchange is allowable: ITAT

INCOME TAX : Membership in stock exchange by assessee creates intangible right in its favour, hence depreciation is to be granted towards admission fees and processing charges paid for said membership

from www.taxmann.com Latest Case Laws https://ift.tt/37ltcf2

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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...