Friday, October 11, 2019

CIT(A) couldn't rely on ruling of non-jurisdictional HC if jurisdictional HC's ruling was available on record

INCOME-TAX : When decision of jurisdictional High Court was available on issue of addition under section 36(1) (va), Commissioner (Appeals) erred in relying upon decision of non-jurisdictional High Court ignoring binding precedent available

from www.taxmann.com Latest Case Laws https://ift.tt/2M3AkSq

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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...