Friday, June 29, 2018

Appointment of director without notice to petitioners tantamount to oppression: NCLT

CL: Where in a board meeting, R3 and R4 were illegally inducted in board of directors and subsequently in an EOGM, petitioner-directors of company were removed from all managerial position in a company without giving any notice to them, said meetings were to be held invalid and resolutions passed in said meetings were to be held unenforceable

from www.taxmann.com Latest Case Laws https://ift.tt/2IBjDJ0

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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...