Thursday, September 19, 2019

ITAT quashed CIT(A) directions issued to initiate reassessment after lapse of limitation period

INCOME TAX: When in terms of section 149(1)(b) notice under section 148 for assessment year 2011-12 could have been issued only by end of assessment year 2018-19, direction issued by Commissioner (Appeals) under section 150 on 3-5-2019 to initiate reassessment proceedings for assessment year 2011-12 was non est

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

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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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