Saturday, September 22, 2018

Provision of SARFAESI prevail over Arbitration and Conciliation Act

SARFAESI Act: Since provisions of 2002 Act override all other provisions of law which were inconsistent therewith, proceedings initiated by bank under section 14 of 2002 Act, could not be said to be illegal on account of a receiver appointed in proceedings initiated under section 9 of Arbitration and Conciliation Act, 1996

from www.taxmann.com Latest Case Laws https://ift.tt/2PX6myB

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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...