Saturday, February 15, 2020

Assessee can make fresh claim before AO during remand assessment proceedings

INCOME TAX : Where remand made by Tribunal to Assessing Officer was a complete and wholesale remand for framing a fresh assessment, Assessing Officer could not deny to evaluate fresh claim raised by assessee during remand assessment proceedings

from www.taxmann.com Latest Case Laws https://ift.tt/31TSbl6

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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...