Wednesday, September 9, 2020

Application before AAR can be filed even if scrutiny notice is issued to assessee

INCOME TAX : A question cannot be said to be pending under clause (i) of proviso to section 245R(2) upon issuance of a mere notice under section 143(2) especially when it has been issued in a standard pre-printed format and questions raised before Authority for Advance Ruling do not appear to be forming subject matter of said notice

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

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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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