Tuesday, August 6, 2019

Deductor couldn't be treated as assessee-in-default if tax was deducted on bona fide estimate

INCOME TAX : If tax is deducted based on a bona fide estimate or if there is no observation that estimate is not honest or fair, deductor cannot be held to be assessee-in-default under section 201(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2M2Kwf9

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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