Saturday, July 21, 2018

Formation of an opinion by board is a pre-condition for appointment of adjudicating officer: SEBI

SEBI : Formation of an opinion that there are grounds for adjudging under Chapter VIA of Act is necessary pre-requisite for SEBI to exercise its jurisdiction, absent such opinion, Board would have no jurisdiction to appoint an Adjudicating Officer

from www.taxmann.com Latest Case Laws https://ift.tt/2uE2Dhe

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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...