Wednesday, October 9, 2019

HC holds ITAT's order setting aside revisional order on the basis of plausible view

INCOME TAX: Where as regards initiation of revisional proceedings, once it is seen that a plausible or reasonable view has been taken by Tribunal upon a fair discussion of matter, Court in exercise of appellate jurisdiction would not supplant its view in place of Tribunal's unless error is apparent and palpable

from www.taxmann.com Latest Case Laws https://ift.tt/2M0OweU

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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...