Tuesday, December 7, 2021

SC upholds constitutionality of RBI’s decision to ban ‘Merchanting Trade Transactions’ pertaining to PPE kits

FEMA, BANKING amp; INSURANCE : SC upholds constitutionality of RBI's decision to ban MTTs in so far as it pertained to PPE kits

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000318286/sc-upholds-constitutionality-of-rbi’s-decision-to-ban-‘merchanting-trade-transactions’-pertaining-to-ppe-kits.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...