Tuesday, October 20, 2020

STT deducted but not paid couldn't be allowed as deduction by virtue of section 43B

INCOME TAX : Even where mercantile system of accounting was adopted, deduction of STT would not be allowed unless STT amount was deposited with authorities

from www.taxmann.com Latest Case Laws https://ift.tt/31qu7r3
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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...