Saturday, December 22, 2018

No assessment could be made in hands of a merged entity; SC dismissed SLP

IT: Where High Court upheld order passed by Tribunal holding that in case of assessee's merger with another company, subsequent assessment order passed in name of assessee company was a nullity, SLP filed against said decision was to be dismissed

from www.taxmann.com Latest Case Laws http://bit.ly/2QM1TDT

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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...