Monday, December 2, 2019

CBDT instruction no. 5/2018 revising monetary limit to file appeal applicable even to pending matters: SC

INCOME TAX: CBDT's Instruction No. 5/2008, dated 15-5-2008 revising monetary limit to file appeal would apply even to pending matters when there was no possibility of cascading effect nor issue was involving in group of matters

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