Friday, November 8, 2019

Not reflecting transfer of director's shareholding in annual return of co. amounted to oppression and mismanagement

COMPANY LAW: Where appellant director of company transferred his majority shareholding to R2, however, said transfer was not reflected in balance sheet and annual return of company, said acts of appellant amounted to oppression and mismanagement

from www.taxmann.com Latest Case Laws https://ift.tt/32rVDSv

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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...