Friday, April 30, 2021

SC refuses to review its judgment whereby it directed RBI to disclose info about banks under RTI

FEMA amp; BANKING: Where applicant-banks filed application before Supreme Court seeking recall of order passed in Reserve Bank of India v. Jayantilal N. Mistry (2016) 3 SCC 525 whereby Court directed RBI to disclose information sought for while refusing to accept contention of RBI that information sought by Respondents could not be disclosed in view of its fiduciary relationship with banks and that such information was exempted from disclosure under Section 8 (1) of Right to Information Act, 2005,

from www.taxmann.com Latest Case Laws https://ift.tt/3eHu4wT

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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...