Thursday, October 31, 2019

In cheque bouncing case, participation of independent director in affairs of co. to be decided by trial court: HC

FEMA, INSURANCE & BANKING: Where Trial Court issued process against company and its directors for offence punishable under section 138, issue whether applicant was director of company and, whether he was playing active role in day to day affairs of company at relevant time or not, had to be decided only during trial

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

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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...