Tuesday, May 19, 2020

Invitation for subscription of redeemable preference shares to less than 50 persons was not public issue

COMPANY LAW : Where invitation was made by management of company to selected persons for subscription or purchase of redeemable preference shares by less than fifty persons, same was private issue and not a public issue

from www.taxmann.com Latest Case Laws https://ift.tt/2Zfk3kb

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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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