Rent from Children can’t be treated as a Tool for Evasion if it is a Genuine Arrangement for Tax Savings: ITAT [Read Order]

In a significant ruling, the Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the rent received from son and daughter of the assessee could not be treated as a tax evasion tool if the same was a genuine arrangement for tax savings. In the instant case, the assessee has claimed a loss of […]

The post Rent from Children can’t be treated as a Tool for Evasion if it is a Genuine Arrangement for Tax Savings: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.

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