Thursday, April 29, 2021

AA couldn’t become ‘ functus officio’ with expiry of 180 days from date of passing order of provisional attachment

FEMA AND BANKING : Adjudicating Authority does not become functus officio with expiry of 180 days time period from date of passing order of provisional attachment unless Adjudicating Authority completes adjudication and confirms order of provisional attachment before such 180 days period

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314714/aa-couldn’t-become-‘-functus-officio’-with-expiry-of-180-days-from-date-of-passing-order-of-provisional-attachment.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...