Wednesday, February 6, 2019

Insolvency and Bankruptcy Code has an overriding effect over Money Laundering Act

IBC : Prevention of Money Laundering Act is a statute which came into effect much prior to coming into force of IB&C, hence, IB&C has overriding effect over PMLA

from www.taxmann.com Latest Case Laws http://bit.ly/2RHhwYO

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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...