Tuesday, June 29, 2021

AO rightly taxed fake agricultural income disclosed on advice of tax practitioner : ITAT

INCOME TAX : Where assessee had wrongly claimed income in question as agricultural income and claimed same as exempt, Assessing Officer was justified in treating said income as income from other sources

from www.taxmann.com Latest Case Laws https://ift.tt/3jpfPR6
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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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