Monday, January 28, 2019

HC slams AO for issuing reassessment notice relying on overruled judgment

IT: Proceedings initiated on basis of notice issued under section 147/148 relying on judgment which had been overruled on date on which notice was issued were to be set aside being a serious misconduct on part of Assessing Officer

from www.taxmann.com Latest Case Laws http://bit.ly/2CT0e5l

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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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