Tuesday, May 25, 2021

Even a blank cheque leaf would attract presumption u/s 139 of NI Act when signatures are admitted by the accused: SC

FEMA, BANKING amp; INSURANCE : Where a blank signed cheque leaf was voluntarily handed over by accused to complainant towards some payment and accused failed to prove that same was not issued in discharge of a legally enforceable debt or a liability, accused had failed to rebut presumption under section 139

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

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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...