Friday, July 20, 2018

Income-tax additions merely on basis of a show-cause notice issued by Excise dept. was unjustified : HC

IT : Where additions on account of suppressed sales were solely based on information received by Assessing Officer from Central Excise department without bringing any independent material on record to justify same, additions were unjustified

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

No comments:

Post a Comment

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...