Wednesday, May 19, 2021

SEBI proposes to review the regulatory framework of promoter and Promoter group cos. under ICDR norm

In May 2019, Primary Markets Advisory Committee (PMAC) had constituted a sub-group to examine the relevance of the ‘concept of promoter’ in the context of the Indian Securities Market.

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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...