Tuesday, April 9, 2019

I-T Dept. intensifies its action against terror funding; carries out more search operations in NCR,

The Income-tax Department has carried out searches at about 52 locations in 4 states seizing a total of Rs. 767.60 crores. Several benami properties, 252 bottles of liquor, few arms and hide skins of tiger found at the searched locations have been seized – Press Release- 8th April, 2019

from taxmann.com News http://bit.ly/2IlFXK7

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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...