Friday, June 26, 2020

Apex Court sets aside NCLAT’s order to direct freezing of assets of former MD of PNB

COMPANY LAW : Powers under sections 241, 337 and 339 could not be possibly utilized in order that a person who may be head of some other organization be roped in and his or her assets be attached

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000193666/apex-court-sets-aside-nclat’s-order-to-direct-freezing-of-assets-of-former-md-of-pnb.aspx

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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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