Tuesday, January 12, 2021

No directions could be issued by High Court to AO once reassessment proceedings were held as without jurisdiction

INCOME TAX : Once re-assessment proceedings to disallow brought forward loss were held to be without jurisdiction, High Court could not issue fresh directions to Assessing Officer to look into other grounds

from www.taxmann.com Latest Case Laws https://ift.tt/3q6QPy4

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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...