Tuesday, December 3, 2019

HC stayed order as reassessment was done as per appellate authority's directions which required detailed attention

INCOME TAX : Where revenue raised a plea that reopening notice was issued as per specific directions of appellate authority and, thus, requirement of giving recorded reasons and considering objections to it did not arise, since issue raised by revenue required detailed consideration, pending final disposal of petition challenging validity of reassessment order, impugned order raising tax demand from assessee was to be stayed

from www.taxmann.com Latest Case Laws https://ift.tt/2RdtU69

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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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