Tuesday, July 17, 2018

HC affirms rejection of settlement application for not disclosing correct info about income and its source

IT : Where Settlement Commission rejected assessee's application for settlement on ground that he shifted his stand number of times either on quantum of undisclosed income or its source, order so passed did not require any interference

from www.taxmann.com Latest Case Laws https://ift.tt/2mlPaG9

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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...