Wednesday, September 18, 2019

HC sets-aside sale of property attached 22 years ago for recovery of tax dues

INCOME TAX: Where immovable properties of deceased assessee were attached in year 1997 for recovery of tax dues, sale proclamation of said properties made in February 2019, was hit by period of limitation prescribed under Rule 69B of Second Schedule and, thus, proclamation so made deserved to be quashed

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

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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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