Tuesday, January 21, 2020

SC dismissed SLP as no hearing opportunity to revenue is required before admitting settlement application

INCOME TAX : SLP dismissed against High Court ruling that Principal Commissioner/Commissioner (DR) could not be given opportunity of hearing at time of consideration of application for settlement at stage of admission under section 245D(2C)

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

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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...