Friday, November 29, 2019

Madras HC allowed recalling of ITAT order as assessee's appeal was dismissed ex-parte on first day of hearing

INCOME TAX : Where Tribunal dismissed assessee's appeal ex-parte on first day of hearing itself, in view of fact that issue before Tribunal was a recurrent issue and assessee had succeeded in respect of same in earlier years, application filed by assessee under section 254(2) seeking to recall Tribunal's order, was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/2qUx585

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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...