Tuesday, August 17, 2021

Giving of loans by bank to borrower is not a service but an activity to give money in real terms to borrower which is akin to goods: Delhi CESTAT

EXCISE/ST/VAT : Giving of loans by banking-company to borrower is not a service, rather it is an activity of bank in which money in real terms which is akin to goods, is given to borrower

from www.taxmann.com Latest Case Laws https://ift.tt/3k0xv4g

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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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