Friday, April 19, 2019

HC grants unconditional stay on recovery of tax considering favourable ruling delivered by CIT(A) in another case

IT : Where petitioners have challenged an order passed by Income Tax Officer whereby they are directed to deposit 20% of tax demand arising out of order of assessment and prayed that entire tax recovery be stayed pending Petitioners' Appeal before Appellate Commissioner,

from www.taxmann.com Latest Case Laws http://bit.ly/2It9h2r

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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...