Friday, June 15, 2018

Property of third party could not be attached by passing order of provisional attachment under Money Laundering Act

PMLA : In terms of section 5, property of third party cannot be attached by passing order of provisional attachment who is not involved in Scheduled offence without issuing notice to him and recording his statement as valuable rights in properties are involved

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

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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...