Tuesday, March 9, 2021

Writ not maintainable on issue which involves going into sufficiency and adequacy of reasons recorded for search

INCOME TAX : Writ Court cannot go into sufficiency and adequacy of reasons recorded in note of satisfaction in terms of section 132; power of High Court is limited only to assessing whether relevant reasons were recorded while initiating proceedings

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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