Thursday, October 1, 2020

Property to be treated as residential house even if possession couldn't be taken due to poor construction

INCOME TAX : Where possession of property owned by assessee was not taken by him as it was unfit for habitation, it could not be said that assessee was not owner of property

from www.taxmann.com Latest Case Laws https://ift.tt/3in93aq

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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...