Tuesday, November 5, 2019

ITAT remanded matter as CIT(A) didn't pass speaking order confirming additions towards undisclosed investments

INCOME TAX : Where revenue made addition alleging huge cash payment in purchasing immovable property while assessee claimed to have filed return regularly over years that would justify such payment, in view of fact that Commissioner (Appeals) had not passed speaking order, matter was to be remanded

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

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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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