Tuesday, March 3, 2020

SC granted SLP against ruling that deleting additions on ground that no fresh material was discovered during search

INCOME TAX : Where High Court upheld Tribunal's order deleting addition made by Assessing Officer in course of scrutiny assessment primarily on ground that no fresh material was discovered during search and seizure proceedings under section 132 to justify addition under section 153A, SLP filed against said order of High Court was to be granted

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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...