Tuesday, October 12, 2021

HC can’t accept recommendations of council in respect of professional misconduct without applying its own logic : SC

INCOME TAX/CHARTERED ACCOUNTANT ACT : Where Council of Chartered Accountants of India has found any member of Institute to be guilty of misconduct, it is required under Act to forward matter to High Court with its recommendations and High Court has to pass final order either dismissing complaint or penalizing member of Institute

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317419/hc-can’t-accept-recommendations-of-council-in-respect-of-professional-misconduct-without-applying-its-own-logic-sc.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...