Saturday, October 31, 2020

Income arising to Co. by reversing entries of stock option given to employees eligible for Sec. 10A/10B exemption

INCOME TAX : Income brought to tax under section 41(1) by reversal of entry with regard to stock option scheme given to employees was also in nature of 'export income' for purpose of exemption/deduction under section 10A/10B

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

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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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