Friday, November 30, 2018

Obligation to verify & submit ITR on behalf of co. does not lie on Managing Director only: HC

IT: Where there was a failure to furnish return of income within time stipulated under section 139(1) or in response to notice under section 142(1), omission to mention belated filing of return by assessee in complaint filed by revenue would not come in way of criminal prosecution under section 276CC

from www.taxmann.com Latest Case Laws https://ift.tt/2reEF9W

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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