Monday, June 22, 2020

Advance tax liability can be adjusted against cash seized by Income-tax Dept. from assessee: HC

INCOME -TAX : Advance tax liability can be adjusted against cash lying in account of revenue, which was seized from assessee

from www.taxmann.com Latest Case Laws https://ift.tt/3epY2DY

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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...