Saturday, October 5, 2019

SetCom is authorised to reject application even at the stage of passing final order: HC

INCOME TAX : Where assessee failed to make full and true disclosure with regard to undisclosed income by way of bogus share capital and share premium and also manner of earning such income, Settlement Commission was justified in rejecting settlement application on such ground even at stage of passing of final order under 245D(4)

from www.taxmann.com Latest Case Laws https://ift.tt/2Ve0rce

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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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