Thursday, September 6, 2018

NCLAT slams tribunal for approving revised financial statement filed without impleading as respondent party

CL: Where Tribunal without impleading Central Government as party-respondent, granted approval to revised financial statement as filed before MCA-21, noting that no objection had been filed by RD, RoC and IT Authorities, impugned order of Tribunal was to be set aside

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

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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...