Monday, December 3, 2018

International commercial arbitration could not be exercised when CG and control of Indian & Foreign Cos were in India

Arbitration Act : Where Indian company was lead partner of consortium formed with a Malaysian company and central management and control of Consortium was exercised in India, there would be no 'international commercial arbitration'

from www.taxmann.com Latest Case Laws https://ift.tt/2Q5Xqvj

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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...