Saturday, October 20, 2018

RBI releases Dissent Note; opposes idea of forming an independent body to regulate payments

The Reserve Bank of India has released Dissent Note on Inter Ministerial Committee against on recommendation for finalization of Amendments to the Payment & Settlement Systems Act.

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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...