Wednesday, December 30, 2020

IFSCA permits banking units to transfer assets through any internationally recognised risk participa

The International Financial Services Centres Authority (IFSCA) has allowed Banking Units (BUs) to transfer assets to/from other financial institutions, persons resident in India and persons resident outside India through any internationally recognised standard risk participation agreement.

from taxmann.com News https://ift.tt/2L33PWy

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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...