Friday, December 18, 2020

Delhi HC directs Tata Steel to pay arrears of lease rent for using BIS's oxygen plant

COMPANY LAW/ARBITRATION : Where respondent had entered into a lease agreement with petitioner for use of oxygen plants at petitioner's integrated steel plant in Odisha and there was a clear stipulation in said lease agreement for payment of lease rent at Rs. 15 crores till 31-3-2020 and Rs.18 crores with effect from 1-4-2020

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

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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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