Monday, November 22, 2021

Selling flats at amount lesser than stamp duty justified as flats had no parking space amp; electricity connection: ITAT

INCOME TAX : Where Commissioner (Appeals) passed an order allowing assessee's claim for LTCG arising from sale of government securities by applying cost inflation index and said issue was merged with order of Assessing Officer, said issue could not be re-examined by invoking section 263

from www.taxmann.com Latest Case Laws https://ift.tt/3kXql2b

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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...