Monday, September 13, 2021

Roads are eligible for dep. as building includes roads; HC upholds tribunal ruling

INCOME TAX : Assessee engaged in business of improvement and development of State Highways was entitled to claim depreciation allowance on roads

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