Wednesday, May 19, 2021

HC upholds quashing of order made in old name of Co. despite of intimation of new name by assessee

INCOME-TAX : Question of law was framed admitting appeal where there was difference of opinion between members of Division Bench of High Court on question as to whether, where assessee had intimated department of factum of amalgamation, final assessment order made on amalgamating company which became a non-existent entity, was void or not

from www.taxmann.com Latest Case Laws https://ift.tt/3fynlFV

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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...