Wednesday, August 4, 2021

Sum received on settlement of case of property usurped by relatives was taxable as capital gain; SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that sum received on settlement of case of property usurped by relatives was taxable as capital gain

from www.taxmann.com Latest Case Laws https://ift.tt/3A3cbRW
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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...