Wednesday, September 26, 2018

Receiving special audit report within period of limitation wasn't necessary: Delhi HC

IT: Clause (iv) to Explanation 1 of section 153 clearly states that period from date when Assessing Officer directs special audit till last date of furnishing such report under section 142 (2A) shall be excluded

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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...