Wednesday, March 20, 2019

SLP dismissed against order of HC's upholding ITAT's decision to delete sec. 14A disallowance

IT: Where High Court upheld order passed by Tribunal deleting disallowance made under section 14A holding that explanation of assessee and amount offered to tax could not have been rejected by Assessing Officer in arbitrary manner, SLP filed against said decision was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2JqI7ul

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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...