Friday, February 14, 2020

Search proceeding carried out by issuing warrant on person actively involved in firm's affairs is valid, SLP dismissed

INCOME TAX: Where High Court upheld Tribunal's order holding that search carried in case of assessee was valid because warrant had been issued in name of individual who was actively involved in affairs of assessee-firm, SLP filed against said order was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2St8jqB

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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...