Saturday, December 4, 2021

A common search warrant amp; panchnama issued on two separate Cos operating from a single premise is valid : HC

INCOME TAX : Where warrant of authorization for search issued under section 132(1) was qua 'premises' and not qua 'assessee', common search warrant and common panchnama issued against two assessees who were two separate group companies engaged in different businesses but operating from one premises, was justified

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

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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...