Friday, March 29, 2019

CIT couldn't dismissed assessee's appeal summarily without giving detailed reasons: ITAT

IT: In terms of section 250, Commissioner (Appeals) is not empowered to dismiss appeal for non-prosecution and is obliged to dispose of appeal on merits by passing a speaking order

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