Monday, December 9, 2019

Circular allowing stay of demand on conflict views of HCs can't be extended to conflicting views of ITATs as well

INCOME TAX : Circular No. 530 dated 6-3-1989 stating that a stay of demand be granted if there are conflicting views of High Court, can be extended to conflicting views of different benches of Tribunal as well

from www.taxmann.com Latest Case Laws https://ift.tt/340kNZq

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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...