Thursday, October 28, 2021

Delhi HC sets aside order as AO didn't pass draft assessment order before passing final order

INCOME TAX : Where no prior show cause notice as well as draft assessment order had been issued before passing final assessment order under section 143(3), there was a violation of principles of natural justice as well as mandatory procedure prescribed under Faceless Assessment Scheme, hence, impugned assessment order was to be set aside

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

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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...