Wednesday, July 24, 2019

NCLAT dismisses contempt proceedings against Anil Ambani for disobedience of consent terms

COMPANY LAW : Where consent terms had been arrived between petitioner and contemnors i.e. 'Reliance Infratel Limited & Others by Appellate Tribunal's order dated 29-6-2018 and Petitioners preferred contempt petitions under section 425 for initiating proceedings for contempt of disobedience of Appellate Tribunal's order dated 29-6-2018 alleging wilful breach of undertaking given by contemnors, it was held that consent terms agreed upon by parties if not carried upon, can be a ground for execution

from www.taxmann.com Latest Case Laws https://ift.tt/2SzMVhK

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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...