Tuesday, March 30, 2021

Ordinarily High Court in its jurisdiction under Article 226 would decline to entertain a dispute which is arbitrable: SC

COMPANY LAW : Where there was arbitration clause in Concession Agreements which provided sufficient recourse to remedies which could be availed of and ordinarily High Court in its jurisdiction under Article 226 would decline to entertain a dispute which is arbitrable but Court had been constrained to intervene in process in order to ensure that sanctity of understanding that was arrived at before High Court

from www.taxmann.com Latest Case Laws https://ift.tt/3sAfb5f

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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...