Monday, July 22, 2019

SLP dismissed against HC's order quashing sec. 148 notice if proceedings were beyond the scope of reassessment

INCOME TAX: Where High Court upheld Tribunal's order setting aside reassessment proceedings on ground that addition made in said proceedings was beyond scope of section 147, read with section 148, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/30U1cJf

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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...