Thursday, September 23, 2021

HC set-asides order as AO failed to consider response submitted by assessee to draft assessment order

INCOME TAX : Where lower authorities had passed assessment order and issued demand notice under section 156, alleging that assessee failed to provide any documentary evidence or even respond to show cause notice issued to it but print out of e-proceedings response acknowledgement from Income Tax Department shows that reply to show cause notice alongwith various annexures have been submitted by assessee,

from www.taxmann.com Latest Case Laws https://ift.tt/39t9j5K

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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...