Tuesday, April 13, 2021

Compensation for premature termination of lease agreement is deductible exp. under Sec. 37

INCOME TAX : If expenditure already voluntarily disallowed by assessee was found to be reasonable, Assessing Officer in any case could not have resorted to rule 8D

from www.taxmann.com Latest Case Laws https://ift.tt/3e0wJRF

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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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