Wednesday, January 2, 2019

Initiating Officer could issue fresh notice if attachment order was set-aside on ground of procedural defect

Benami Act : If an order is set aside on account of violation of principles of natural justice or on account of any procedural defect in decision making process, concerned authority is not precluded from re-initiating proceedings after curing procedural defects, subject to condition that fresh proceedings are (a) within jurisdiction of authority; and (b) are not barred by limitation

from www.taxmann.com Latest Case Laws http://bit.ly/2F3FxGT

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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...