Saturday, January 16, 2021

AO is bound to allow set-off of unabsorbed losses even if same is not claimed by assessee

INCOME TAX : Assessing Officer cannot reject legitimate claim of set-off of unabsorbed losses even when assessee omits to claim same in return

from www.taxmann.com Latest Case Laws https://ift.tt/35NnIZb
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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...