Monday, September 20, 2021

Date of service of order to be taken into consideration to calculate limitation period for rectification u/s 254: ITAT

INCOME TAX : For workability of scheme of section 254(2), limitation period is to be counted from date of service of order and not from date order, hence, where, there was no delay in filing of Miscellaneous Application if counted from date of service of Order

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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...