Thursday, December 2, 2021

CIT can’t reject revision petition without providing an affordable hearing opportunity to assessee: HC

INCOME TAX : Where Commissioner rejected revision preferred by assessee under section 264 merely on ground that assessee failed to submit any reply in revision filed by him, impugned order being a non-speaking order was to be set aside and matter was to be remanded for reconsideration after affording assessee opportunity of hearing

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317495/cit-can’t-reject-revision-petition-without-providing-an-affordable-hearing-opportunity-to-assessee-hc.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...