Wednesday, January 13, 2021

Provision for non-performing assets made in terms of RBI guidelines is allowable as deduction

INCOME TAX : Interest on non-performing assets could not be taxed on accrual basis in case of assessee-bank

from www.taxmann.com Latest Case Laws https://ift.tt/3qgNdcY
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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...