Saturday, February 6, 2021

Section 115JC being a non obstante clause can be invoked without giving prior notice

INCOME TAX : As section 115JC starts with non-obstante clause, provisions relating to Alternative Minimum Tax can be invoked by Assessing Officer without giving prior notice; therefore, where section 115JC was invoked during remand proceedings without giving prior notice to assessee, it could not be said that Assessing Officer had violated principal of natural justice

from www.taxmann.com Latest Case Laws https://ift.tt/3jorzS7

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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...