Tuesday, June 30, 2020

Madras HC quashed Tribunal’s order as Google study done by it to confirm disallowance wasn’t put before assessee

INCOME TAX: Where Google Study done by Tribunal to confirm disallowance of cent percent depreciation on pollution control devices was not put to notice to assessee-­company, order of Tribunal was to be set aside

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194328/madras-hc-quashed-tribunal’s-order-as-google-study-done-by-it-to-confirm-disallowance-wasn’t-put-before-assessee.aspx

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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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