Monday, February 3, 2020

AO can't make assessment if Apex Court has given stay on the order of High Court directing fresh assessment

INCOME-TAX : Where High Court quashed assessment order passed in case of assessee with direction to make fresh assessment but on appeal, Supreme Court stayed High Court's order, fresh assessment order could not have been passed by AO

from www.taxmann.com Latest Case Laws https://ift.tt/37Ugu4q

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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...