Tuesday, February 19, 2019

Order passed by AO giving effect to ITAT's remand direction couldn't be challenged before HC

IT : Where Assessing Officer had disallowed proportionate interest expenditure claimed by assessee and Tribunal remanded issue back to Assessing Officer for fresh adjudication and it also by an order dismissed assessee's application for rectification and against impugned order assessee filed writ petition, since Assessing Officer had already passed consequential order pursuant to Tribunal's remand order and had accepted assessee's contention on allowability of interest expenditure, entire issue

from www.taxmann.com Latest Case Laws http://bit.ly/2V4ON1Z

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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...