Friday, December 7, 2018

HC upheld winding up of broker co. as it received money from trader, however made transaction in name of third party

CA : Where broker of NSEL received money from trader but made transactions in name of third party while creating false impression that same were done in name of said trader, broker should either pay trader impugned amount or it should be wound up

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

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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