Friday, February 21, 2020

AO should call for written explanation before concluding proceedings under e-Assessments: Madras HC

INCOME TAX : Assessment proceeding concluded without proper determination of facts by proper exchange and flow of correspondence between assessee and Assessing Officer were to be set aside, as, in view of introduction of E-Governance for conduct of assessment proceedings electronically, assessment proceedings no longer involved human interaction and were based on records alone.

from www.taxmann.com Latest Case Laws https://ift.tt/32hepgR

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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...