Monday, June 18, 2018

Delay by professional on taking charge of co. excluded for purpose of counting period for insolvency process

IBC: Where after admission of application to initiate corporate insolvency resolution process, Resolution Professional delayed in taking over charges, said period of delay was to be excluded for counting period of completing CIRP

from www.taxmann.com Latest Case Laws https://ift.tt/2JZn4eg

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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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