Saturday, December 19, 2020

Date of registration of sale agreement to be considered as date of transfer of property for computing capital gain

INCOME TAX : Where sale agreement was registered on 26-8-2011 and at same time possession of property were also handed over to purchasers on said date itself, capital gain arising from such sale was to be assessed in assessment year 2012-13

from www.taxmann.com Latest Case Laws https://ift.tt/34o5r3O

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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...