Tuesday, November 27, 2018

NCLT didn't have power to review its own order; decision of another bench relied on

CL: Where decision of another Bench of NCLT, which had not laid down a law of universal application but had discussed provisions of law, binding precedents and facts of that case to hold petition therein as time barred, merely because instant Bench of NCLT had not discussed said judgment, it could not be said to be something which was error apparent on face of record

from www.taxmann.com Latest Case Laws https://ift.tt/2Rf5oyD

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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...