Monday, December 16, 2019

Bank not liable to honour demand drafts fraudulently prepared on stolen DD leaves even if it had accepted earlier

FEMA, BANKING AND INSURANCE: Where Demand Drafts were fraudulently prepared on stolen bank draft leaves, bank was simply not liable to honour such DDs even if it had accepted such DDs without checking them first

from www.taxmann.com Latest Case Laws https://ift.tt/2PT2YGs

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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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