Thursday, May 2, 2019

NCLT allows conversion of public company into private co. as it had complied with provisions of Cos. Act

CL: Where conversion of public limited company to private limited company was not prejudicial either to its member or creditors, said conversion was to be allowed

from www.taxmann.com Latest Case Laws http://bit.ly/2V9y95L

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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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