Tuesday, September 21, 2021

Madras HC remanded matter as assessee hadn’t provided an opportunity to defend his case of reassessment

INCOME TAX : Where reassessment, to tax income under section 28(iv), was initiated on basis of order by Commissioner (Appeals) in case of company in which assessee was director but assessee claimed that he was not director of company at that time, since disputed facts cannot be adjudicated in writ proceedings, all such disputed facts were to be verified by competent authorities and, thus, reassessment was justified

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316149/madras-hc-remanded-matter-as-assessee-hadn’t-provided-an-opportunity-to-defend-his-case-of-reassessment.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...