Thursday, February 6, 2020

No bar to claim credit of advance taxes paid in prior years for which assessee sought IDS benefit; SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that there is no bar for an assessee or declarant to claim credit of advance tax and TDS paid previously relating to assessment years for which it seeks benefit under Income Declaration Scheme, 2016

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

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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...