Wednesday, June 3, 2020

Petition filed before HC for condonation of delay valid as ITAT had no power to condone delay beyond 6 months

INCOME TAX: Since Tribunal had no power to condone delay in filing miscellaneous application beyond period of six months, writ petition filed by assessee under Articles 226 and 227 seeking for condonation of delay of 497 days in filing miscellaneous petition could not be held to be unjustifiable

from www.taxmann.com Latest Case Laws https://ift.tt/377f0EF

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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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