Thursday, August 30, 2018

Assessee wasn't entitled to waiver of Sec. 234B interest in case of settlement application

IT : In case of settlement, there is no case for waiver of interest leviable under section 234B; said interest shall be charged up to date of order under section 245D(4)

from www.taxmann.com Latest Case Laws https://ift.tt/2Nwm9Ul

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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