Wednesday, July 21, 2021

Assessee can raise contention before ITAT without filing cross-objections on issues related to question of law: HC

INCOME TAX : Where Tribunal in impugned order had come to conclusion that issues raised in cross objection were legal issues, Tribunal should not have stopped assessees from raising issue in appeals instituted by revenue, without necessity of filing any cross objections

from www.taxmann.com Latest Case Laws https://ift.tt/3BmqB18

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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...