Thursday, February 25, 2021

ITAT’s judgment based on appreciation of evidence on record doesn’t amount to question of law; SLP dismissed

INCOME TAX : SLP dismissed against High Court ruling that where pursuant to search, certain addition of undisclosed payments were made to income of assessee and same were deleted by Tribunal based on appreciation of evidence on record, no question of law arose for consideration

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197507/itat’s-judgment-based-on-appreciation-of-evidence-on-record-doesn’t-amount-to-question-of-law-slp-dismissed.aspx

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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...