Saturday, October 23, 2021

HC remanded matter back as AO rejected application for waiver of interest without affording hearing opportunity: HC

INCOME TAX : Where assessee made application for waiver of interest under section 220(2A), but without affording opportunity of hearing to assessee, said application was rejected by Commissioner only on basis of report of Assessing Officer, matter was to be remanded back

from www.taxmann.com Latest Case Laws https://ift.tt/2Zas4sO

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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...