Saturday, July 17, 2021

Partner of a firm not liable for cheque dishonouring without firm being arraigned as an accused: HC

FEMA amp; BANKING : If cheque had been issued by firm which was subsequently dishonoured, a partner of firm would not be liable for prosecution under section 138 without firm being arraigned as an accused

from www.taxmann.com Latest Case Laws https://ift.tt/3wGgd0E

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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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