Saturday, February 27, 2021

HC remanded matter as ITAT upheld order of CIT(A) without recording any finding

INCOME TAX : Apportionment of common expenses of STPI and non-STPI unit of assessee was to be done on basis of turnover of each of these units so as to compute deduction under section 10A in respect of STPI unit

from www.taxmann.com Latest Case Laws https://ift.tt/2NDej0u
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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...