Friday, August 3, 2018

CIT(A) couldn't decide matters pertaining to some other income escaping assessments while disposing off an appeal

IT: In appeal arising out of order imposing penalty, matter pertaining to some other income escaping assessment does not fall within purview of expression 'any matter arising out of proceedings in which order appealed against was passed' in Explanation to section 251

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

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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...