Wednesday, March 20, 2019

No relief from penalty just because wrong deduction was claimed on basis of advice given by CA; SLP dismissed

IT: Where High Court confirmed penalty order passed by Tribunal rejecting assessee's explanation that it had claimed deduction in respect of tax paid on basis of wrong advice given by Chartered Accountant, SLP filed against decision of High Court was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2TXpMc9

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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...