Monday, December 6, 2021

HC quashed ITAT’s order remanding back matter without adverting to reasoning assigned by CIT(A) in his order

INCOME TAX : Where in respect of allowability of prior period expenses, in computing book Profit, Tribunal remanded issue to Commissioner (Appeals) without adverting to reasoning assigned by Commissioner (Appeals) in his order, impugned order passed by Tribunal was to be quashed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314332/hc-quashed-itat’s-order-remanding-back-matter-without-adverting-to-reasoning-assigned-by-cita-in-his-order.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...