Tuesday, August 25, 2020

Factual issue cannot be raised first time before ITAT if it never raised before AO during assessment

INCOME TAX : Where assessee challenged validity of assessment on ground that its name had been stuck off from Register of Companies before passing of assessment order, in view of fact that assessee voluntarily participated in assessment proceedings and did not bring aforesaid fact to notice of Assessing Officer, plea raised by assessee was to be rejected

from www.taxmann.com Latest Case Laws https://ift.tt/34uQSMP

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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...