Tuesday, May 11, 2021

Gujarat HC declined writ as assessee failed to make out his case for invoking discretionary jurisdiction of HC

INCOME TAX : Where the notices under Sections 143(2) and 142(1) were served upon the writ applicant three times to submit the explanation and/or documents to explain the cash deposit made by the writ applicant in his bank account and on issuance of show cause notice, writ applicant sought an adjournment for 15 days but having remained absent on that day, ex parte assessment order came to be passed,

from www.taxmann.com Latest Case Laws https://ift.tt/33BoYgi

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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...