Thursday, May 2, 2019

Writ petition couldn't be filed if assessee had the remedy to go in for appeal

IT: Where assessee claimed development and testing charges as revenue expenditure, while in reassessment, said charges were treated as capital expenditure, assessee ought to have filed an appeal before Appellate Forum; writ jurisdiction of High Court could not be invoked

from www.taxmann.com Latest Case Laws http://bit.ly/2GO1GYL

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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