Thursday, March 19, 2020

HC quashed directions issued after limitation period to verify premium paid towards accountant risk policy

INCOME TAX : Where Assessing Officer allowed deduction as regards Accountants Risk Policy Premium paid by assessee via order dated 31-12-2009, however, Commissioner (Appeals) passed order under section 263 on 27-3-2017 directing Assessing Officer to verify allowability of said premium, same being barred by limitation, was rightly quashed by Tribunal

from www.taxmann.com Latest Case Laws https://ift.tt/2UkzqDP
-
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

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...