Friday, August 31, 2018

Insolvency plea was to be admitted as all objections raised by debtor were satisfactorily answered: NCLT

I&B Code: Where application for initiation of corporate insolvency resolution process filed by financial creditor against corporate debtor was complete and there was overwhelming evidence to prove default and all objections raised by corporate debtor were satisfactorily answered, instant application was to be admitted

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

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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...