Monday, March 2, 2020

Appellant-Lender could not invoke pledge of shares to recover loan amount from Karvy: SAT

COMPANY LAW/SEBI : Where on account of impugned order passed by SEBI prohibiting transfer of securities from DP account of Karvy-borrower, rights of appellant as a bona fide lender were prejudiced and adversely affected as appellant-lender could not invoke pledge of securities to recover loan amount from Karvy, SEBI was directed to hear appellant and then pass an order as per law

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

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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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