Thursday, May 20, 2021

No. sec. 10(23C)(v) exemption if assessee had not obtained approval from prescribed authority

INCOME TAX : Where assessee-Gurudwara had not obtained approval from prescribed authority in terms of section10(23C)(v), Assessing Officer was justified in rejecting claim of assessee for exemption under said section

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

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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...