Friday, October 8, 2021

HC directed AO to decide matter as no steps were to rectify assessment order despite many requests raised by assessee

INCOME TAX : Where assessee claimed refund on ground that he paid full tax without considering advance tax payment of same amount but refund was not granted and it moved rectification application, since no order under section 154 had been passed by Assessing Officer, Assessing Officer was directed to take appropriate remedial measures as well as to decide rectification application in accordance with law

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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...