Friday, March 12, 2021

Sec. 14A disallowances cannot be added back while computing book profits u/s 115JB

INCOME TAX : Disallowance made under section 14A could not be added to book profits of assessee under section 115JB

from www.taxmann.com Latest Case Laws https://ift.tt/30ATd5D

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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