Thursday, February 18, 2021

Defaulting directors can also avail benefit of ‘CFSS -2020’ in addition to defaulting Cos.: HC

COMPANY LAW : Where petitioners were directors of two companies and name of one company 'G' was struck off for non-filing of financial statements and annual returns for three consecutive financial years, it was held that petitioner were Directors who had been disqualified prior to 7-5-2018, qua other companies in addition to defaulting company who were seeking appointment as directors in new companies and, therefore,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198358/defaulting-directors-can-also-avail-benefit-of-‘cfss-2020’-in-addition-to-defaulting-cos-hc.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...