Friday, September 27, 2019

No reassessment merely because assessee mentioned wrong date of commencement of manufacturing in Form 56G

INCOME TAX: Where assessee through its Chartered Accountant gave an exact correct date of production/manufacture as per which assessee was eligible for deduction under section 10B, merely wrong mentioning of date of commencement of manufacturing in Form 56G could not be a ground to reopen assessment

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

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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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