Monday, September 6, 2021

Credit of TDS to be allowed proportionately if assessee’s income is assessable over a number of years: ITAT

INCOME TAX : Credit for tax deducted at source and paid to Central Government shall be given for assessment year for which such income is assessable and where income is assessable over a number of years, credit for tax deducted at source shall be allowed across those years in same proportion in which income is assessable to tax

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315937/credit-of-tds-to-be-allowed-proportionately-if-assessee’s-income-is-assessable-over-a-number-of-years-itat.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...