Assessment u/s 153A - The cost of land incurred and recorded in ...

Income Tax

January 17, 2024

Assessment u/s 153A - The cost of land incurred and recorded in the books has been duly accepted and reduced from the fair value derived by the valuer. The additions appear to have been made towards cost of construction of premises thereon. The construction however has been commenced in the subsequent year and has no relation to the AY 2011-12 in question. - CIT(A) rightly deleted the additions - AT

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Assessment u/s 153A - The cost of land incurred and recorded in ...

Income Tax

January 17, 2024

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