Tuesday, November 5, 2019

Assessee couldn't avail benefit of VDIS in respect of gifts against which sec. 148 notice was already issued

INCOME TAX: Where assessee was served with notice under section 148 in respect of certain amount received as gift prior to notification of VDIS, assessee could not avail benefit of said scheme in respect of amount of gift so received

from www.taxmann.com Latest Case Laws https://ift.tt/32deikR

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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...