Thursday, July 26, 2018

SAT upholds penalty on parent co. and its directors for failure to make disclosure under PIT regulations

SEBI: Where subsidiary of appellant company having unpublished price sensitive information regarding diminution of value of shares, sold shares of appellant and appellant had violated disclosure requirements under regulation 13(6), penalty was rightly imposed upon appellant and its director

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

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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...