Tuesday, November 23, 2021

Person holding pledge of shares isn't third person to get info. considered by AO for making attachment order: HC

INCOME TAX : Petitioner's writ petition seeking information/documents from revenue which were considered for passing provisional attachment was to be allowed as petitioner was holding pledge of shares in question and thus, could not be treated as a third person

from www.taxmann.com Latest Case Laws https://ift.tt/3rhOSD9

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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...