Friday, May 24, 2019

AO couldn't revisit objects of trust once sec. 12A registration was granted to it; SC dismissed SLP

IT: Where High Court upheld Tribunal's order holding that once registration was granted to assessee trust under section 12A, then it was not open to Assessing Officer while examining compliance with section 11 to revisit objects of assessee again, SLP filed against decision of High Court was to be dismissed

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

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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...