Thursday, May 13, 2021

HC stays final assessment order passed by NeAC without disposing off assessee’s request for personal hearing

INCOME TAX : Where draft assessment order has been passed purportedly under Section 144C even before compliance of requirements pursuant to Section 144B, stay was to be granted; matter listed on 10-06-2021

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315001/hc-stays-final-assessment-order-passed-by-neac-without-disposing-off-assessee’s-request-for-personal-hearing.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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