Thursday, June 14, 2018

CBDT proposed to seek more info while filing appeal before ITAT

CBDT has issued draft notification proposing amendment to Rule 47 so as to modify the existing Form no. 36 and Form no. 36A. Changes proposed in these Forms are in line with the changes done in the Form no. 35. In this article, we have discussed some key changes proposed in new Forms

from taxmann.com News https://ift.tt/2yc6CFL
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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...