Saturday, March 2, 2019

Rectification application against ITAT’s order was barred by principle of finality after decision of HC

IT : Where Tribunal rejected assessee's cross objection and assessee did not appeal and when High Court decide revenue's appeal in its favour, assessee filed rectification application before Tribunal regarding earlier cross objection, same would be barred by principle of finality

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000186813/rectification-application-against-itat’s-order-was-barred-by-principle-of-finality-after-decision-of-hc.aspx

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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...