Saturday, July 25, 2020

HC attaches assets of claim-petitioner for execution of decree against judgment debtor by lifting corporate veil

COMPANY LAW : Where directors of claim petitioner company and judgment debtor were common, a case was made out by decree holder to execute decree by attachment sale of assets of claim petitioner applying principle of lifting of corporate veil, property owned by claim petitioner company was definitely liable to be attached for realisation of decree debt legally obtained by decree holder, a customer

from www.taxmann.com Latest Case Laws https://ift.tt/3hEk9Ih

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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...