Friday, May 21, 2021

Delhi HC stays operation of assessment order passed u/s 144B for not issuing SCN to assessee

INCOME TAX : Where assessee was not issued a show-cause notice-cum-draft assessment order before passing final assessment order, operation of assessment order passed under Section 143(3) read with Section 144B to be stayed

from www.taxmann.com Latest Case Laws https://ift.tt/34hddw9

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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...