Thursday, November 22, 2018

Once a party is awarded, section 17 of Limitation Act cannot be invoked, limitation under arbitration Act applies

Arbitration Act: Once party has received an Award, limitation period under section 34(3) of Arbitration Act commences; section 17 of Limitation Act would not come to rescue of such objecting party

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

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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...