Friday, October 16, 2020

ITAT remanded matter back as there was no material to substantiate that CIT(E) had conducted inquiry

INCOME TAX : Where CIT(E) had rejected application purely on ground that certain payments on account of salary, vehicle rent and house rent were made by assessee-society to specified persons in violation of section 13, since there was no material on record to suggest that CIT(E) made inquiry regarding said payments, matter be restored to file of CIT(E)

from www.taxmann.com Latest Case Laws https://ift.tt/342NQyD

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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...