Wednesday, September 23, 2020

NCLT's order rejecting Co.'s plea for capital reduction was quashed as Co. had duly complied with requirements u/s 66

COMPANY LAW : Where there was an 'inadvertent typographical error' figuring in extract of 'Minutes of Meeting' characterizing 'special resolution' as 'unanimous ordinary resolution' and appellant company had tacitly admitted its creeping in of typographical error in extract of minutes, taking into consideration stand of Registrar of Companies that appellant/Company had filed special resolution with it, which satisfies requirement of section 66 of the Companies Act, 2013,

from www.taxmann.com Latest Case Laws https://ift.tt/32RY2th

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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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