Tuesday, July 24, 2018

HC quashed demand raised on assessee as assessment was made without passing draft assessment order

IT : Where without first passing draft assessment order, final assessment order was passed under section 144C and demand was raised and penalty imposed, final assessment, demand and penalty would be invalid

from www.taxmann.com Latest Case Laws https://ift.tt/2NF8h9J

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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...