Saturday, October 31, 2020

SLP granted against ruling that proviso to Sec. 194A(1) is restricted to individual/HUF having specified turnover

INCOME TAX : SLP granted against High Court ruling that benefit of exclusion from purview of section 194A is restricted only to those individuals and Hindu Undivided families whose total sales, gross receipts or turnover from business or profession do not exceed monetary limit specified under section 44AB(a) or (b)

from www.taxmann.com Latest Case Laws https://ift.tt/3oIo8aR
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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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