Tuesday, August 31, 2021

Assessee wasn’t entitled to receive interest on delayed payment of interest on refund u/s 244A: Madras HC

INCOME TAX : Assessee could not be allowed interest on delayed payment of interest under section 244A(1)

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314762/assessee-wasn’t-entitled-to-receive-interest-on-delayed-payment-of-interest-on-refund-us-244a-madras-hc.aspx

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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...