Friday, March 5, 2021

HC quashes summoning order for offence u/s 138 against director not responsible for issue of dishonoured cheque

FEMA, BANKING amp; INSURANCE : Where petitioner-director neither signed dishonoured cheque nor signed distribution agreement between company 'B' and complainant, order summoning petitioner for offence punishable under section 138 was to be quashed

from www.taxmann.com Latest Case Laws https://ift.tt/3bfTRM6

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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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