Monday, March 2, 2020

Notice issued in name of transferor-co which ceased to exist due to amalgamation is illegal: Gujarat HC

INCOME TAX : Upon amalgamation, transferor company ceases to exist and thereafter notice issued under section 148 in its name would be fundamentally illegal and without jurisdiction

from www.taxmann.com Latest Case Laws https://ift.tt/32IstQI

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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...