Thursday, April 25, 2019

Allegation of fraud by shareholder against company in public issue was barred by limitation: Delhi HC

CL: Where in 1996, company came up with a public issue and appellant subscribed same and in 2004 i.e. after 8 years it claimed a fraud in said public issue based on some hearsay evidence gathered from some proceedings pending in Supreme Court, said claim of appellant was barred by limitation

from www.taxmann.com Latest Case Laws http://bit.ly/2VhG8NJ

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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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