Wednesday, September 30, 2020

CBI investigation was justified in case involving fraudulent deals along with default in repayment of loans: HC

FEMA, BANKING & INSURANCE : Where petitioners availed huge loans which were outstanding and entered into fraudulent deals and fabrication of records, petitioner's case was not merely a civil case but was to be investigated by CBI for offences under IPC and section 13 of Prevention of Corruption Act

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

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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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