Thursday, March 12, 2020

ITAT slammed AO for invoking sec. 153A in absence of any incriminating material found during search

INCOME TAX : Where no incriminating evidence against assessee was found or seized during course of search, invocation of provisions of section 153A and making additions/disallowances on basis of a tax evasion petition found much after search was unjustified

from www.taxmann.com Latest Case Laws https://ift.tt/2Q5XJV2

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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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