Wednesday, March 24, 2021

RBI issues master direction on Amalgamation of Urban Cooperative Banks

The RBI has issued master direction on Amalgamation of Urban Cooperative Banks wherein provisions related to applicability, scope, statutory provisions, approvals, amalgamation of UCBs, procedure, and sanctions and so on have been discussed in details.

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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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