Monday, September 2, 2019

Tribunal wasn't required to examine merit of scheme at stage of calling meeting of creditors for consideration: NCLAT

COMPANY LAW : At stage of calling of meeting of creditors/members for consideration of scheme of compromise or arrangement, Tribunal is not required to examine merits of scheme qua proposed compromise/arrangement, and any such indulgence on part of Tribunal would fall foul of provision engrafted in section 230(1)

from www.taxmann.com Latest Case Laws https://ift.tt/2jTiTc3
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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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