Monday, July 6, 2020

Writ against declaration of ‘wilful defaulter’ rejected as decision was yet to be confirmed by review committee: HC

FEMA, BANKING & INSURANCE : Where Wilful Defaulter Identification Committee of bank declared petitioner 'Wilful Defaulters' which was yet to be confirmed by Review Committee, before which petitioner had a remedy in law as well as on facts, writ petition would fail

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000194967/writ-against-declaration-of-‘wilful-defaulter’-rejected-as-decision-was-yet-to-be-confirmed-by-review-committee-hc.aspx

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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...