IT: Where Assessing Officer had reopened assessment of assessee on ground that an advance of Rs. 1.05 crores received by assessee had not been credited to profit and loss account but to software development account and income on software development had not been offered an accrual basis and Tribunal held that reopening of assessment was purely based on change of opinion, no question of law involved in appeal
from www.taxmann.com Latest Case Laws https://ift.tt/2xq0JSB
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...
-
In order to provide more avenues for transacting in mutual fund units, the SEBI has issued discussion paper on ‘Usage of pool accounts in Mu...
-
IT : Where during search conducted upon premises of assessee's cousin, key belonging to assessee's locker was found and search warra...
-
2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
No comments:
Post a Comment