Monday, September 23, 2019

Shareholder to file petition u/s 241 against oppression and mismanagement; civil suit not an appropriate remedy

COMPANY LAW: Where affairs of company was being conducted in a manner prejudicial to interest of shareholder of company, remedy of approaching NCLT under section 241 was available to shareholder, and civil suit would not be appropriate remedy

from www.taxmann.com Latest Case Laws https://ift.tt/30jT60E

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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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