Saturday, July 4, 2020

ITAT slams AO for giving only a few extracts instead of supplying full details of reasons recorded for reassessment

INCOME TAX : While initiating reassessment proceedings, Assessing Officer is supposed to provide complete details of reasons recorded and not merely few extracts of said reasons so that assessee can prepare its defence effectively against proposed reopening of assessment

from www.taxmann.com Latest Case Laws https://ift.tt/2NWJbp0
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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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