Thursday, September 6, 2018

AO has no power to reduce claim u/s 37(1) ; he can only examine whether sum can be allowed or not

IT : There is no power to Assessing Officer to reduce claim of assessee, whereas he can only examine amount can be allowed or not in full

from www.taxmann.com Latest Case Laws https://ift.tt/2Q3pdZL
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...