Friday, January 8, 2021

Reason for suspension or cancellation of a licence is mandatory rules, Delhi High Court

FEMA, BANKING amp; INSURANCE : Suspension or cancellation of any licence, certificate, scrip or any instrument bestowing financial or fiscal benefits can only be 'for good and sufficient reasons' and, thus, requirement of giving reasons cannot be dispensed with and is mandatory

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