Thursday, September 12, 2019

Rectification application against ITAT order was barred by principal of finality if HC ruled against order of ITAT

INCOME TAX : SLP dismissed against High Court ruling that where Tribunal rejected assessee's cross-objection and assessee did not appeal and when High Court decided revenue's appeal in revenue's favour, assessee filed rectification application before Tribunal regarding earlier cross-objection, same would be barred by principle of finality

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...