Monday, August 9, 2021

CIT(E) can’t disapprove evidence filed by trust to prove genuineness of its creation without any verification: ITAT

INCOME TAX : Order of CIT (E) denying application u/s. 12AA on ground that assessee cloth merchant association failed to file documentary evidences so as to satisfy him about genuineness of its creation and its activities to be set aside if documents filed by assessee in this regard were not verified by him

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315231/cite-can’t-disapprove-evidence-filed-by-trust-to-prove-genuineness-of-its-creation-without-any-verification-itat.aspx

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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...