In order to ensure greater transparency and promote better compliance, RBI has asked to banks to make suitable disclosures for divergence in asset classification and provisioning from the RBI norms in Notes to accounts of Annual Financial Statements
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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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2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
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