Monday, December 2, 2019

Recording of satisfaction is mandatory before cancellation of trust's registration: HC

INCOME TAX: Registration of an institution under section 12AA(3) cannot be cancelled without mandatory recording of satisfaction, either on issue that activities of trust are not genuine or it is not being carried out in accordance with objects for which it was setup

from www.taxmann.com Latest Case Laws https://ift.tt/2DD9nzQ

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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...