Thursday, October 24, 2019

Quoting a wrong provision of statute while exercising power under Act wont invalidate order passed by authority

COMPANY LAW: Merely quoting a wrong provision of statute while exercising power under an Act would not invalidate order passed by authority if it is shown that such order could be passed under other provisions of statute

from www.taxmann.com Latest Case Laws https://ift.tt/2BFt6hm

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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...