Friday, October 18, 2019

SC quashes order restraining action against VVIP Chopper Scam accused ‘Gautam Khaitan’ under Black Money Act

INCOME TAX/BLACK MONEY ACT : Supreme Court quashes order of High Court wherein it was held that penal provisions under Black Money Act were made applicable retrospectively against 'Gautam Khaitan'

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191103/sc-quashes-order-restraining-action-against-vvip-chopper-scam-accused-‘gautam-khaitan’-under-black-money-act.aspx

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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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