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AO gets flak from ITAT for reducing grant from cost of fixed assets without considering provisions of sec. 43(1)

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  • AO gets flak from ITAT for reducing grant from cost of fixed assets without considering provisions of sec. 43(1)
Posted onon August 11, 2015

Tenet Tax Daily August 11 2015

By tenettax-team
Corporate Tax

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Failure of AO to furnish acknowledgement of service of notice leads to quashing of assessment
AO couldn’t proceed with reassessment without disposing of objections of assessee which went to root of matter

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