Wednesday, May 19, 2021

HC held accused guilty for dishonoring cheque issued for repayment of loan taken to purchase a car

FEMA amp; BANKING : Where accused admitted that she once borrowed money from petitioner/ complainant for repaying her loan taken for purchasing a Maruti Car but raised a defence that she issued two blanks cheques to complainant and complainant did not return those cheques to her despite repayment of his loan and had filed complaint under section 138 of Negotiable Instruments Act for dishonour of same,

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

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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...