Friday, September 17, 2021

HC remitted matter back to AO as order was passed without granting further time to assessee to explain his case

INCOME TAX : Where assessment orders are passed without granting further time to assessee to explain its case, assessment orders are to be set aside and matter is to be remitted to authority concerned for fresh consideration

from www.taxmann.com Latest Case Laws https://ift.tt/3tNa7vy

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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...