Tuesday, December 3, 2019

SetCom to revisit case if income declared by assessee was also dealt in application filed by another person

INCOME TAX : Where very same income as admited by assessee in settlement application which was rejected by Settlement Commission, had been dealt with in settlement proceedings of another person and said order had become final, in view of possibility of double taxation for one income, issue in case of assessee was to be reconsidered by Settlement Commission

from www.taxmann.com Latest Case Laws https://ift.tt/2sxSi8a

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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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