Saturday, June 2, 2018

10% penalty to be levied if assessee admits undisclosed income during search: SC

IT: Where assessee in course of search admits undisclosed income and manner in which such income has been derived, than provisions of section 271AAB would automatically attract

from www.taxmann.com Latest Case Laws https://ift.tt/2Lfwket
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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...