Thursday, May 21, 2020

Amendments to sec. 153C would apply to search initiated on or 01-06-2015; HC quashes notices issued for beyond 6 AYs

INCOME TAX: In case, notices under section 153C have been issued for assessment years beyond six assessment years, such notices would be without jurisdiction

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