Wednesday, October 21, 2020

ITAT erred in dismissing appeal on account of low tax effect as assessee's case fall within exception : Madras HC

INCOME TAX : Revenue's appeal could not be dismissed on account and matter under exception stated in para 10(c) of circular no. 3 of 2018, dated 11-7-2018 tax effect when an audit objection was raised by department

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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...