Friday, February 14, 2020

Apex Court granted SLP against HC ruling upholding Tribunal's order merely following principal of consistency

INCOME TAX : Where High Court, merely following principle of consistency, upheld Tribunal's order setting aside revisional order passed by Commissioner under section 263, SLP filed against said order was to be granted

from www.taxmann.com Latest Case Laws https://ift.tt/3bEEhHM
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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...