Thursday, January 9, 2020

Measures taken by bank to enforce security interest could be challenged u/s 17 only not before civil court

FEMA, BANKING & INSURANCE : Where a borrower company sent an application to lender bank seeking benefit of RBI circular which grant certain relief to micro small and medium enterprises who had borrowed loans from banks, but, lender bank rejected said application, appeal against said rejection was to be made under section 17 of SARFAESI Act and not before Civil Court

from www.taxmann.com Latest Case Laws https://ift.tt/2T8QUUS
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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...