Friday, May 25, 2018

Disputes related to execution of document could be raised before appropriate forum: HC

CL: Where a finance company namely 'AFIC' entered into an agreement with R1 bank and assigned petitioner's debt to it but according to petitioner, another company namely 'ACTIS' had executed assignment agreement in favour of Bank whereas, it had financial dealing with AFIC, since, challenge raised by petitioner in instant petition did not come within purview of section 141 of 1956 Act, and it would be open for petitioner to raise challenge relating to documents, its enforceability, execution bef

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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...