Wednesday, May 19, 2021

Sum received on settlement of case of property usurped by rekatives is taxable as capital gain; SC dismissed SLP

INCOME TAX : SLP dismissed against impugned order of High Court holding that consideration received on settlement of case of property usurped by relatives was taxable as capital gain

from www.taxmann.com Latest Case Laws https://ift.tt/3fvwW02
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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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