Saturday, December 15, 2018

Dispute related to notice to creditors could be irrelevant when they had given no objection to amalgamation scheme

CL: Where Tribunal accepted scheme of amalgamation of transferor company with transferee company and appellants claimed to be creditor of transferee company alleged that no notice of said scheme was given to them, but, from affidavit of appellants submitted by transferee company it was found that appellants in capacity of creditor's of transferor company had given no objection to said scheme, there was no substance in grievance raised by appellants

from www.taxmann.com Latest Case Laws https://ift.tt/2UOYa6X

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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...