Friday, May 22, 2020

It is doubtful if AA has power to extend freezing order for further 9 months u/s 17 of PMLA: Appellate Tribunal PMLA

FEMA, BANKING & INSURANCE: It was doubtful as to whether Adjudicating Authority had power to extend freezing order for a further period of 8 months in view of prescribed period of time stipulated in section 20

from www.taxmann.com Latest Case Laws https://ift.tt/3cTxme5
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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...