Monday, July 30, 2018

Revised return filed after issuance of scrutiny notice is valid: Mumbai ITAT

IT: There is no bar/restriction in provisions of section 139(5) that assessee cannot file a revised return after issuance of notice under section 143(2), AO could not reject assessee's claim for deduction under section 54 raised in revised return on ground that said return was filed after issuance of notice under section 143(2)

from www.taxmann.com Latest Case Laws https://ift.tt/2LC2SnC

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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...