Saturday, August 1, 2020

Provisions of Sec. 164(2)(a) cannot be allowed to take a retrospective effect under the Cos. Act, 2013

COMPANY LAW : When disqualification clause was not attracted to directors of private companies under old 1956 Act, same cannot be allowed to take a retrospective effect under 2013 Act, when provision of section 164(2)(a) came into force only from 1-4-2014

from www.taxmann.com Latest Case Laws https://ift.tt/2PdWQbV

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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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