Wednesday, April 7, 2021

SC upholds HC order, rejects winding up plea against corporate debtor as defence of appellant wasn’t bona-fide

COMPANY LAW : Where there was no bona-fide dispute as such, there was no question of directing the respondent to repay the amount, whether where the appellant had satisfied the respondent's claim to the extent mentioned in the order impugned in the appeal, appeal against corporate debtor for alleged failure to repay debt was to be dismissed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314454/sc-upholds-hc-order-rejects-winding-up-plea-against-corporate-debtor-as-defence-of-appellant-wasn’t-bona-fide.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...