Tuesday, July 7, 2020

MD of Co. was guilty of violating Section 10(6) of FEMA for failing to take delivery of goods kept in warehouse

FEMA, BANKING & INSURANCE : Where goods were imported by company but kept in warehouse as company failed to take delivery of goods, penalty had rightly been imposed upon appellant managing director for contravention of section 10(6) of FEMA Act and,

from www.taxmann.com Latest Case Laws https://ift.tt/38xL9Wq
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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...