Tuesday, September 25, 2018

ITAT quashed reassessment notice issued after 4 years without obtaining sanction by CIT

IT: Where Assessing Officer issued notice under section 148 after four years from end of relevant assessment year without obtaining sanction under section 151, impugned notice was unjustified

from www.taxmann.com Latest Case Laws https://ift.tt/2xN2b0F

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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...