Wednesday, June 2, 2021

SetCom can undertake any matter related to case which was not covered by application filed by assessee: HC

INCOME TAX : Where assessee filed application under section 245C to Settlement Commission and brought only case pursuant to notice under section 153A issued to it and did not expressly refer to notice and penalty proceedings for violation of section 269ST pending against it Since penalty proceedings were also initiated in context of search,

from www.taxmann.com Latest Case Laws https://ift.tt/3uJ3OIq

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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...