Friday, May 1, 2020

Withholding refund on account of cross verification beyond the prescribed period was illegal: HC

GST: Where assessee was engaged in manufacture of cement and cement products and Revenue confirmed levy of tax on packing material i.e. gunnies at basic rate of 8 per cent and levied additional tax of Rs. 28.10 lakhs, it was held that once Revenue admits receipt of Demand Drafts from assessee for said sum of Rs. 28.10 lakhs,

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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