Thursday, December 9, 2021

HC quashed assessment order as only 30 hours were given to respond to SCN that too in lockdown period

INCOME TAX : Where from records it was evident that petitioner had raised grievance and also filed an adjournment request against SCN giving merely 30 hours to respond, that too in COVID-19 lockdown period, impugned assessment order holding that no reply or explanation had been furnished, was to be quashed

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

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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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