Wednesday, November 24, 2021

Giving a single day to file response to draft assessment order is unjustified : HC

INCOME TAX : Where AO passed a final assessment order without providing due opportunity to assessee to file its reply in response to a notice-cum-draft assessment order issued against it as time frame set out in said notice to file reply was extremely narrow (one day), impugned final assessment order passed in violation of principal of natural justice was to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/32vSCXa

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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