Tuesday, October 15, 2019

HC slams Dept. for not releasing refund to ‘Vodafone’ citing TDS match of Rs. 1

INCOME TAX : Where assessee-Vodaphone had been granted refund for Assessment year 2014-15 against sizeable TDS deduction but refund was not released citing reason of TDS mismatch of as small as Rs. 1/- but department claimed that petitioner's refund claim had not been released on account of computer glitch at central processing center, High Court held that refund of assessee cannot be withheld, that too on ground of technical difficulty of system

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191011/hc-slams-dept-for-not-releasing-refund-to-‘vodafone’-citing-tds-match-of-rs-1.aspx

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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...