Monday, June 7, 2021

Dep. is allowable on Pamp;M even if same wasn't put to use but was installed and made ready to use: ITAT

INCOME TAX : Section 14A cannot be invoked, where no exempt income was earned by assessee in relevant assessment year

from www.taxmann.com Latest Case Laws https://ift.tt/3w0W4To

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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...