Friday, July 13, 2018

AO couldn't issue second reassessment notice without withdrawing first one: Gujarat HC

IT : A notice of reopening which is once issued would remain in operation unless it is specifically withdrawn, quashed or gets time barred

from www.taxmann.com Latest Case Laws https://ift.tt/2L9d3Po

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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...