Monday, June 17, 2019

AO couldn't issue reassessment notice on second ground if notice issued on first ground was set-aside by HC : SC

IT: SLP dismissed against High Court ruling that where High Court had already set aside reassessment proceedings for relevant assessment year on one issue, there was no warrant for issue of further notice under section 148 on another ground

from www.taxmann.com Latest Case Laws http://bit.ly/2IKUb5R

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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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