Friday, September 7, 2018

No order of exoneration could be passed by NCLT while considering vacation of interim order: NCLAT

CL: Where NCLT while considering question of modification or vacation of interim order passed under sections 221 and 242 exonerated some of respondents, it was not open to Tribunal to pass an order which was final in nature, amounting to exoneration of one or other respondent particularly, when allegation of fraud was pending investigation by SFIO

from www.taxmann.com Latest Case Laws https://ift.tt/2oM55ie

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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...