Thursday, March 12, 2020

HC quashed reassessment notice as it ratified by Chief Commissioner who wasn't authorised to do so

INCOME TAX : Where Assessing Officer issued reassessment notice on basis of sanction granted by Chief Commissioner, since Chief Commissioner was not specified officer under section 151(2) to grant such sanction, impugned notice was to be quashed

from www.taxmann.com Latest Case Laws https://ift.tt/2W5ErCY

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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...