Tuesday, December 29, 2020

Dep. is allowable on leased assets as AO didn't rebut corroborative evidence filed by assessee : High Court

INCOME TAX : Depreciation on leased assets to be allowed to assessee where assessee proved existence of leased assets with incontrovertible evidence

from www.taxmann.com Latest Case Laws https://ift.tt/34Rh181
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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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