Monday, May 20, 2019

Provisions of Arbitration Act would prevail over Bihar Public Works Contact Dispute Act

CL : Where agreement governed by provisions of Standard Bidding document and Clause-25 of General Condition of contract, provided for settlement of dispute and arbitration to be conducted in terms of provisions of Arbitration and Conciliation Act, 1996, Bihar Public Works Contract Dispute Arbitration Act, 2008 would not apply and provisions of Arbitration and Conciliation Act, 1996 would apply and, thus, order whereby and whereunder petitioner was directed to move to State Tribunal i.e.,

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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...