Friday, August 27, 2021

Order for special audit can’t be quashed just because a few questions raised in questionnaire were unwarranted: HC

INCOME TAX : Where Assessing Officer gave opportunity of hearing to petitioners after search and directed them to get accounts audited, furnish report and provide requisite particulars as prescribed in questionnaire set by him, if few of questions were unwarranted, entire order could not be quashed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316614/order-for-special-audit-can’t-be-quashed-just-because-a-few-questions-raised-in-questionnaire-were-unwarranted-hc.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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