Thursday, October 3, 2019

ITAT quashed reassessment order as it was passed without disposing of assessee's objections

INCOME TAX: Where Assessing officer passed reassessment order without disposing of assessee’s objections to Initiation of reassessment proceedings by passing a speaking order, it caused serious prejudice to interest of assessee and, thus, impugned reassessment order deserved to be quashed

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

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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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