Thursday, August 22, 2019

AO couldn't open assessment for AYs in relation to which SetCom had passed orders: HC

INCOME TAX : Once an order has been passed under section 245D by Settlement Commission, assessment for year stands concluded and Assessing Officer thereafter has no jurisdiction to reopen assessment

from www.taxmann.com Latest Case Laws https://ift.tt/2Z9lhyS
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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...