Friday, July 2, 2021

HC permits assignee of debt of liquidating co. to proceed against assets by standing outside winding up proceedings

FEMA amp; BANKING : Where applicant acquired debts of company in liquidation from bank, applicant was to be permitted to proceed against assets of company-in-liquidation as secured to it by standing outside winding up proceedings

from www.taxmann.com Latest Case Laws https://ift.tt/3yh0PsU

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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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