Thursday, July 11, 2019

No contempt proceedings against respondent-co. as NCLT's 'status quo' order wasn't communicated to it

COMPANY LAW: Where NCLT ordered to maintain 'status quo' in respect of assets, shareholdings and composition of board of respondent company but said order was never communicated to respondent, NCLT had rightly refused to initiate contempt proceedings against respondent

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

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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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