Monday, July 29, 2019

NCLAT upheld order for re-opening of books of account and recasting of financial statements of mismanaged IL&FA

COMPANY LAW: Where affairs of respondent company was mismanaged, petition filed under section 130 for re-opening books of account and recasting financial statements of respondent for past five financial years, viz. from financial year 2012-13 to financial year 2017-18 was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/2Yr3T7r
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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...