Tuesday, November 30, 2021

Bombay HC quashes faceless assessment order as draft assessment order wasn’t served upon assessee

INCOME TAX : Sub-section (9) of section 144B renders non-est any assessment made under Faceless Assessment Scheme, if it is not made in accordance with the procedure laid down in the said Section

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000318171/bombay-hc-quashes-faceless-assessment-order-as-draft-assessment-order-wasn’t-served-upon-assessee.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...