Thursday, February 25, 2021

Losses arising from STP/SEZ unit could be set off against other income earned by assessee

INCOME TAX : Where Tribunal allowed claim of assessee towards set off of losses of STP/SEZ unit against other income of assessee, no interference was to be called for with its order in view of decision of Supreme Court in CIT v. Yokogawa India Ltd. [2017] 77 taxmann.com 41/244 Taxman 273/391 ITR 274

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