Thursday, September 12, 2019

ITAT set-aside order passed u/s 144C without intimating variations in income through draft assessment order

INCOME TAX: An order under section 144C(3) can be passed after draft assessment order is passed under section 144C(1) and assessee accepts variations in such order; assessment order passed directly under section 144C(3) without intimating variations to assessee through draft order would be vitiated by law

from www.taxmann.com Latest Case Laws https://ift.tt/2Q4k0Vy

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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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