Friday, July 20, 2018

National guidelines on Economic, Social and Environmental responsibilities of business: MCA

The Ministry of Corporate Affairs (MCA) has issued the National Voluntary Guidelines on Social, Environmental and Economic Responsibilities of Business for public comment with a view to provide a clear, broad-based framework for carrying out responsible business and be accountable to all its stakeholders.

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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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