Friday, March 13, 2020

HC slams AO for invoking Rule 8D without recording dissatisfaction on suo motu disallowance u/s 14A made by assessee

INCOME TAX : Where Assessing Officer rejected suo motu disallowance made by assessee under section 14A without recording any dissatisfaction, Tribunal was justified in holding that rule 8D could not be invoked

from www.taxmann.com Latest Case Laws https://ift.tt/2QcP4zV

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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