Thursday, March 7, 2019

Delhi HC quashed reassessment initiated on the basis of audit objections

IT : Audit objection being only an information, reassessment notice based on said audit objection is not sustainable

from www.taxmann.com Latest Case Laws https://ift.tt/2C4NrgI

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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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