Saturday, August 7, 2021

SC dismissed SLP as withholding refund under sec. 241A without giving any cogent reasons wasn’t justified

INCOME TAX : SLP dismissed against High Court ruling that in absence of any cogent reasons justifying withholding of refund due to assessee under section 143(1), approval granted by Principal Commissioner for withholding such refund under section 241A was unjustified

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315928/sc-dismissed-slp-as-withholding-refund-under-sec-241a-without-giving-any-cogent-reasons-wasn’t-justified.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...