Tuesday, November 9, 2021

Revocation by Govt. to provide Covid-19 treatment can’t be sole ground to reject approval of hospital u/s 17(2)(viii)

INCOME TAX: Where petitioner-hospital filed application seeking renewal of approval under clause (ii)(b) of proviso to section 17(2)(viii) - While said application was pending, pandemic hit nation and petitioner was granted approval for providing treatment for covid patients by State government which was later revoked - Consequently,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317840/revocation-by-govt-to-provide-covid-19-treatment-can’t-be-sole-ground-to-reject-approval-of-hospital-us-172viii.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...