Saturday, May 29, 2021

Petitioner –Co’s bank a/c to be de-freezed as proceeding under PMLA were initiated without compliance of Law

FEMA, BANKING amp; INSURANCE : Where petitioner company's account with respondent bank was freezed on initiation of proceedings under PML Act, and same had been done without due compliance of law, it was necessary to direct bank to defreeze account

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000198161/petitioner-–co’s-bank-ac-to-be-de-freezed-as-proceeding-under-pmla-were-initiated-without-compliance-of-law.aspx

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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