Thursday, January 23, 2020

Property purchased much prior to commission of alleged offence of money laundering can't be attached

FEMA, BANKING AND INSURANCE : Where order was passed attaching property which were purchased much prior to commission of alleged offence and it was a part of security against financial assistance granted by appellant, since appellant was entitled to recover its dues by selling subject property, attachment order was to be set aside

from www.taxmann.com Latest Case Laws https://ift.tt/36jq7bp

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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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