Saturday, May 8, 2021

Declaration under ‘Vivad se Vishwas’ couldn’t be rejected without giving chance to declarant to explain its case: HC

INCOME TAX : Direct Tax Vivad Se Vishwas Act, 2020 and rules have been brought out with specific purpose, object and intention to expedite realisation of locked up revenue providing certain reliefs to tax payers who opt for applying under Act.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314897/declaration-under-‘vivad-se-vishwas’-couldn’t-be-rejected-without-giving-chance-to-declarant-to-explain-its-case-hc.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...