Wednesday, August 11, 2021

HC remanded matter back as assessment order was passed by AO in gross violation of principles of natural justice

INCOME TAX : Where assessment orders passed in case of assessee under section 153A, pursuant to search operation were passed in gross violation of principles of natural justice as revenue had not given all panchnamas to assessees, copies of all materials seized which were used for framing assessment had not been supplied to assessee, no opportunity for cross examination had been provided and section 65B of Evidence Act had not been complied with before admitting electronic evidence,

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

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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...