Thursday, September 30, 2021

Reassessment to enquire about source of fund valid as assessee not filing ITR purchased property of huge amount: HC

INCOME TAX : Where assessee filed no return for year under consideration while AO found that assessee had purchased immovable property and she had earned interest from mutual funds as also receipt of premia from Insurance company,

from www.taxmann.com Latest Case Laws https://ift.tt/3kQ2kdz

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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...