Thursday, February 21, 2019

Agreement to sell shares by director to outsiders without approval won't be binding on shareholders

CL: Where director of company entered into an agreement with outsider to sell shares of himself and others without prior approval of shareholders, said agreement would not be binding on shareholders

from www.taxmann.com Latest Case Laws https://ift.tt/2Xhd9r9

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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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