Monday, October 11, 2021

Sum received as share application or share premium could not be taxed subsequent year: ITAT

INCOME TAX : Where alleged money on account of share application or share premium was received in an earlier year, same could not be taxed in current financial year

from www.taxmann.com Latest Case Laws https://ift.tt/3BxEid9

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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...