Thursday, November 26, 2020

HC ought to decide writ challenging validity of section 40(a)(iib) though matter was sub-judice before AO: SC

INCOME-TAX : High Court to decide writ petition on merits with respect to challenge to vires of section 40(a)(iib), irrespective of fact whether matter was sub-judice before Income Tax Authority

from www.taxmann.com Latest Case Laws https://ift.tt/3l7Q850

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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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