Wednesday, May 13, 2020

Oppression plea dismissed as petitioners failed to prove that affair of Co. were conducted in prejudicial manner

COMPANY LAW : Where petitioner shareholders of company failed to make out case that affairs of company were conducted in a manner prejudicial or oppressive to petitioners or to company, oppression and mismanagement petition filed by them was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/3fGR7HD

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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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