Monday, November 2, 2020

SC dismissed SLP against ruling that reassessment notice couldn't be issued by AO who had no jurisdiction

INCOME TAX : SLP dismissed against High Court ruling that where reasons for reopening of assessment was recorded by an Assessing Officer who had jurisdiction over petitioner while reopening notice under section 148 for this purpose was issued by another Assessing Officer who had no jurisdiction over assessee, said notice was bad in law

from www.taxmann.com Latest Case Laws https://ift.tt/3jN1aMb

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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...