Tuesday, September 11, 2018

Re-assessment notice sanctioned by authority lower than Additional Commissioner was unsustainable: HC

IT: When in terms of section 151(2), sanction to issue notice under section 148 has to be issued by Additional Commissioner, reopening of assessment with approval of Commissioner was unsustainable

from www.taxmann.com Latest Case Laws https://ift.tt/2O5Reyg

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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...