Tuesday, May 7, 2019

No reassessment if AO failed to prove that notice was served upon assessee: ITAT

IT: Where revenue had failed to prove that notice under section 148 was served upon assessee, which is mandatory in nature, reassessment order passed making additions to income of assessee on account of receipt of share capital from entity alleged to be operated by accommodation entry provider was to be set aside

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

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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...