After considering the various recommendations provided by the Technical Advisory Committee (TAC); the National Financial Reporting Authority (NFRA) has recently issued a consultation paper which focuses on enhancing its engagement with stakeholders. The paper covers the recommendation provided by the TAC in terms of formation of Stakeholders Advisory and Consultancy Groups, Fellowship Programs for Practitioners and Academics, NFRA’s Inspection policy, etc.
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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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2018 Witnesses Highest FPI Registrations in Four Years from taxmann.com News http://bit.ly/2V8m1i1
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