Tuesday, July 23, 2019

Revision in rules for departmental examination couldn't be given retrospective effect: HC

INCOME TAX: Introduction of Modified Rules for Departmental Examination for 1998 Rules whereby 'Pass Percentage' in Rule VI prescribing requirement of 60 per cent of marks for passing each of subjects was modified and reduced to 50 per cent with effect from 26-5-2008, can not be given retrospective effect

from www.taxmann.com Latest Case Laws https://ift.tt/2Y7BQWx

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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...