Monday, March 15, 2021

Revenue couldn't reject change in accounting method if change was accepted in subsequent years

INCOME TAX : Assessee third party administrator of insurance company could change accounting method from invoice completion method to proportionate completion method

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

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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...