Saturday, March 6, 2021

Application for issue of nil TDS certificate couldn’t be rejected without computing tax liability of assessee

INCOME TAX : Where revenue rejected application filed by assessee for issuing certificate for nil TDS without computing tax liability of assessee and concluding merely on guess work that there would be increase in tax liability as assessee's turnover projected to increase, impugned order was to be set aside and matter was to be remanded

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197513/application-for-issue-of-nil-tds-certificate-couldn’t-be-rejected-without-computing-tax-liability-of-assessee.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...