Saturday, March 6, 2021

CIT was justified in invoking revisionary proceedings as assessment was completed without proper inquires : HC

INCOME TAX : Where assessment was completed without proper inquiries, Commissioner was competent to invoke revisional jurisdiction and direct Assessing Officer for fresh assessment

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