Tuesday, March 23, 2021

Limitation period to file rectification application u/s 254 is to be reckoned from date on which order was served

INCOME TAX : Where ITAT passed an assessment order against assessee on 9-9-2018 and order was served upon assessee on 5-12-2018, impugned rectification application filed by assessee against said order on 3-6-2019 i.e. within 6 months of receiving of order of Tribunal was to be accepted

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

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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...