Thursday, November 14, 2019

New enhanced monetary limits for filing departmental appeal are applicable for pending appeals also: ITAT

INCOME TAX: In order to file appeal before Tribunal, revised/enhanced minimum threshold limit of tax effect of Rs. 50 lakhs vide CBDT Circular No. 17/2019, dated 8-8-2019 is applicable not only for appeals to be filed by revenue in future but also for appeals already filed by revenue in Tribunal

from www.taxmann.com Latest Case Laws https://ift.tt/2OgZa1c
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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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