Friday, December 20, 2019

SEBI was justified in directing appellant-co. to refund amount collected under CIS without registration

COMPANY LAW/SEBI ACT: Where appellant company was carrying business of collective investment schemes without obtaining certificate of registration from SEBI and it had failed to prove that it had returned entire amount to contributors, impugned order passed by SEBI to refund monies to investors could not be interfered with

from www.taxmann.com Latest Case Laws https://ift.tt/35GpUQ9

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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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