Friday, August 13, 2021

Property acquired in relinquishment of tenancy right in another property eligible for dep.: HC

INCOME TAX : Assessee entitled to depreciation in respect of property acquired in exchange of relinquishment of tenancy right in another property

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

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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...