Thursday, October 24, 2019

HC stayed demand until disposal of condonation application; directed deposit of 10% of tax demand

INCOME TAX: Petitioner filed appeals before Commissioner (Appeals) as also applications for condonation of delay in filing appeal as also stay on assessment orders and offered to deposit 10 percent of tax demand, revenue was to be directed to not to recover further tax amount until disposal of applications for condonation of delay

from www.taxmann.com Latest Case Laws https://ift.tt/2BDvzJ4

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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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