Monday, July 8, 2019

AO couldn't open assessment on matter which was pending before CIT(A)

INCOME TAX: Where Assessing Officer sought to reopen assessment in respect of income involving a matter which was subject matter of appeal before Commissioner (Appeals), said reopening of assessment was hit by third proviso to section 147 which was not permissible in law

from www.taxmann.com Latest Case Laws https://ift.tt/2Jl5MtZ

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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...