Monday, December 3, 2018

SLP dismissed against HC's ruling quashing reopening of case to re-examine sec. 10B deduction

IT: SLP dismissed against High Court ruling that where, during scrutiny assessment, Assessing Officer raised several queries asking assessee to justify its claim of deduction under section 10B and after considering assessee's detailed reply allowed deduction, he could not reopen assessment to examine another facet of said claim

from www.taxmann.com Latest Case Laws https://ift.tt/2Eb3iNj

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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...