Friday, October 11, 2019

Imposition of maximum penalty of Rs. 1 Crore for partial non-disclosure of information wasn't justified: SAT

SEBI: Maximum penalty of Rs. one crore under section 15HB of SEBI Act was held to be disproportionate for violation of partial disclosure of information in prospectus under SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009

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