Tuesday, September 25, 2018

Oppression plea was to dismissed due to non-payment of subscription money: NCLT

CL: Where petitioner claimed to be subscriber of 25000 equity shares representing 50 per cent of share capital of company but there was no proof of payment of subscription money, oppression and Mismanagement petition filed by him was to be dismissed

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

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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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