Thursday, August 23, 2018

AO could rectify assessment order even if an appeal was pending against such order : HC

IT: There is no statutory bar for Assessing Officer to rectify assessment order even if an appeal is pending against it

from www.taxmann.com Latest Case Laws https://ift.tt/2BBp7W8

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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...