Thursday, May 14, 2020

SLP filed having low tax effect was to be dismissed as withdrawn: SC

INCOME TAX : SLP dismissed against High Court ruling due to low tax effect that where notice under section 143(2) was issued to assessee prior to filing of return of income, said notice being invalid, assessment order passed in pursuance of same deserved to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/369cuNH

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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...