Wednesday, January 29, 2020

High Court slams Tax Dept. for conducting search actions solely relying info. received from investigation wing

INCOME TAX : Section 132(1) is a serious invasion on privacy of citizens, and has to be resorted to when there are pre-existing and pre-recorded good reasons to believe that action under section 132(1) is called for

from www.taxmann.com Latest Case Laws https://ift.tt/2Oo9k0T
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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...