Tuesday, October 23, 2018

Oppression plea was to be dismissed when no supportive material was available to make out cause of action: NCLAT

CL: Where shareholder of company filed oppression and mismanagement petition alleging non-compliance of certain provisions of Act in conducting Annual General Meeting of company, however, no supportive material was available to make out cause of action, moreover, he himself was not witness to happenings in said meeting, said petition was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2RdPF2H

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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...