Wednesday, June 23, 2021

ITAT remanded matter to bring on record cogent material to prove that prejudice was cause to revenue

INCOME TAX : Where Assessing Officer noted that there was difference between contractual receipts declared by assessee-company in its books of account from a company (Alstom) for previous year 2014-15 and income as was reflected in Form No. 26AS paid by Alstom to assessee for previous year 2014-15 leading to a differential,

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

No comments:

Post a Comment

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...