Tuesday, September 21, 2021

No addition in respect of assessments concluded on date of search unless some incriminating material was found: HC

INCOME TAX : Where addition was not based on any incriminating material found during course of search and assessment was not pending on date of search, addition was to be deleted

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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...