Friday, November 27, 2020

SC disposes of writ petition challenging interest on loan during moratorium in wake of Covid-19

FEMA, BANKING & INSURANCE : Where petitioner expressed its satisfaction on the measures taken by the Government redressing petitioner's grievances and the Union of India having taken specific measures vide its circular dated 23.10.2020, which has been brought on the record and follow-up measures were also taken in consequence thereof, writ petition challenging interest on loan during moratorium was to be disposed of

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

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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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