Tuesday, December 11, 2018

HC couldn't question reassessment if similar issue pertaining to subsequent AY was pending before CIT(A)

IT: Where in case of assessee, a public charitable trust, reassessment proceedings were initiated on ground that it did not offer anonymous cash donations to tax under section 115BBC and, validity of said reassessment proceedings were challenged by filing a writ petition, in view of fact that a regular appeal on similar issue pertaining to subsequent assessment year was already pending before Commissioner (Appeals), it was not appropriate for Court to give its opinion in respect of validity of r

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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...