Saturday, September 4, 2021

HC remanded matter to verify docs supporting reasonable delay in remitting TDS prior initiating penal proceedings

INCOME TAX : Where assessee took plea of financial constraints in payment of salary to employee, as also failure to collect and deposit TDS in time, matter to be remitted to competent authority to take a call on documents produced in support of such plea before passing appropriate order

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

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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...