Wednesday, September 5, 2018

AO could consider claim of deduction made under wrong section without asking assessee to file revised return: HC

IT: Where claim for a deduction is made under a wrong provision but necessary facts for said claim to be set up are available in return, in such a case, Assessing Officer can consider such a claim without revised return being filed by assessee

from www.taxmann.com Latest Case Laws https://ift.tt/2wHzQs7

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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...