Wednesday, July 15, 2020

HC quashed stay application disposed of by blindly following CBDT Circular No. 6 of 2016

INCOME TAX: Matter was to be remanded back for disposal afresh where stay application was disposed of by blindly following Circular No. 6 dated 29-02-2016, and without even giving an opportunity of hearing to assessee

from www.taxmann.com Latest Case Laws https://ift.tt/3gYq0Yv

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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...