Information from Property Broker Firms and Websites cannot be relied upon to determine adequacy of Rent received for invoking Sec 13(2)(b) of Income Tax Act: Delhi High Court [Read Judgment]

The Delhi High Court has held that in the absence of an independent inquiry, the revenue authorities cannot solely rely on the opinion of property broker firms and websites to determine the adequacy of rent received for invoking section 13(2)(b) of the Income Tax Act, 1961. The Assessee Foundation received voluntary and corpus donations from […]
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