Thursday, October 21, 2021

Provisions of sec. 45(5A) which provides taxability of capital gains under JDA can’t be applied retrospectively: ITAT

INCOME TAX : Provisions of section 45(5A) which came into force from assessment year 2018-19 cannot be applied to assessment year 2015-16

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315943/provisions-of-sec-455a-which-provides-taxability-of-capital-gains-under-jda-can’t-be-applied-retrospectively-itat.aspx
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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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