Saturday, May 29, 2021

Notice to borrower under rule 8 of the Security Interest (Enforcement) Rules is mandatory: HC

FEMA amp; BANKING : A notice to borrower regarding auction sale under rule 8(6) of Security Interest (Enforcement) Rules, 2002 is a mandatory requirement laid down by statute, and failure to issue such a notice would vitiate auction itself

from www.taxmann.com Latest Case Laws https://ift.tt/3p1ALyu
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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...