Thursday, March 25, 2021

Income from letting out of terrace for placing antenna tower is taxable under head house property

INCOME TAX : Income earned by assessee on account of renting out of terrace for installation of antenna tower was taxable as 'income from house property'

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

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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...