Monday, August 19, 2019

SLP granted against ruling that addition could be made only on basis of reasons recorded for reopening assessment

IT: Where High Court by impugned order held that in absence of any addition made on basis of reasons recorded, no other addition could be made in course of reassessment proceedings, SLP filed against impugned order was to be granted

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

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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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