Thursday, July 2, 2020

CIT has no power to grant extension of time to get books of account audit u/s 142(A)

INCOME TAX : Extension of time given by Commissioner in getting books of account audited under section142(2A) was illegal and, thus, assessment completed after due date was void ab initio

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

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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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