Monday, August 13, 2018

Sale of attached property couldn't be held as void if notice for recovery wasn't served by TRO upon owner

IT: TRO cannot declare a transaction of sale of attached property null and void under section 281, if notice for recovery under rule 2 of Schedule II was not served upon owner/defaulter, prior to sale of said property

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

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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...