Friday, July 23, 2021

Sec. 11 exemption to be denied only be to extent of income which was violative of section 13(1)(d): HC

INCOME TAX : Denial of exemption under section 11 should only be to extent of income which was violative of section 13(1)(d) and not total denial of exemption under section 11

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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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