Thursday, February 27, 2020

Order passed by tribunal allowing condonation of delay in filing appeal wasn't illegal in eye of law

COMPANY LAW : Where Tribunal by impugned order had allowed application of respondent for condonation of delay in filing appeal for effecting transfer of shares in its name, by exercising its discretionary power and said order did not suffer from any material irregularity or patent illegality in eye of law, said order could not have been interfered with

from www.taxmann.com Latest Case Laws https://ift.tt/2w92Mg6

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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...