Monday, April 5, 2021

ITAT justified disallowance as assessee failed to establish that payment was made by due date of filing of ITR

INCOME TAX : Where assessee did not produce any evidence to prove payment of pay interest expenditure claimed by it before filing return of income, AO was justified in disallowing said amount under section 43B

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

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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...