Saturday, November 3, 2018

DRP couldn't pass rectification order without disposing rectification application filed by another party

IT: When parties have filed rectification petition to rectify same order of DRP it is not proper to pass an order on application filed by one party alone leaving other application either unheard or not disposed of

from www.taxmann.com Latest Case Laws https://ift.tt/2CY6CKl

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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...