Monday, July 8, 2019

Rejection of SetCom application not justified by holding that income didn't belong to assessee; SLP granted

INCOME TAX : Where Settlement Commission rejected application filed by assessee holding that amount disclosed by assessee never belonged to him and High Court by impugned order upheld same, SLP filed against impugned order was to be granted

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