Thursday, August 1, 2019

Non-filing of annual return and balance sheet with RoC due to inadvertent mistake was to compounded: NCLT

COMPANY LAW: Where default was committed in compliance with provisions of sections 159 and 220 of Companies Act, 1956 for not filing its annual return and balance sheet and profit and loss account for F.Y. 2013-14 only due to inadvertent mistake with no mala fide intentions and applicant had put an end to offence by filing its annual return and annual accounts, offence was to be compounded

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

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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...