Thursday, August 30, 2018

HC slams dept. on consistently losing battle in Higher Courts; directs proper drafting of appeals

IT : Where in impugned order, Tribunal had followed its view for Assessment Year 2009-2010 and applied it for Assessment Year under consideration but there were legal errors in order passed by Tribunal for Assessment Year 2009-2010,matters were to be heard in appeal as requested by revenue

from www.taxmann.com Latest Case Laws https://ift.tt/2PNk1Jg
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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...