Friday, October 23, 2020

No section 40A(9) disallowance if amount paid was for welfare of employees : ITAT

INCOME TAX : Where tax effect in appeal of revenue was below Rs. 50 lakhs, appeal was not maintainable because of low tax effect as per latest instructions of CBDT

from www.taxmann.com Latest Case Laws https://ift.tt/35t8Hui
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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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