Sold property but missed expense deductions in original ITR? Here's what Mumbai ITAT ruling says
· livemint.com
A Mumbai ITAT ruling has offered relief to a taxpayer who claimed ₹37.16 lakh in property-related expenses during reassessment. The tribunal examined whether such claims could be allowed later and ultimately directed the tax department to delete the additions.
If you have sold a property and did not claim certain eligible expenses in your original income tax return, can you claim them later? A recent Mumbai ITAT rulin...