Wednesday, December 4, 2019

SC granted SLP against HC's order setting aside assessee's objection against initiation of reassessment

INCOME TAX: Where High Court set aside assessee's objection to initiation of reassessment proceedings by taking a view that transactions relating to sale of land were not truly reflected in books of account, SLP filed against said order was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/2ON5cYI

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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...