Wednesday, May 19, 2021

HC declined to hear matter on Faceless Assessment as bench doesn’t have taxation matter on its roster

INCOME TAX : Where petitioner, a charitable society, approached Delhi High Court against order passed by National faceless assessment centre, since matter has been listed before a Bench of High Court which does not have taxation matter on its roster, it would be appropriate that matter be listed before Roster Bench (Tax Bench) to be considered by it.

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315148/hc-declined-to-hear-matter-on-faceless-assessment-as-bench-doesn’t-have-taxation-matter-on-its-roster.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...