Tuesday, July 13, 2021

Statutory auditor appointed by CAG can’t be terminated without opportunity of hearing: Gujarat HC

COMPANY LAWS : Where Camp;AG informed respondent-corporation about appointment of a Chartered Accountant firm as statutory auditor for state police housing corporation, it could not be terminated without prior notice; Camp;AG ought not to have blindfoldedly accepted say/complaint of State Government and it should have first put said firm to notice and should have given an opportunity of hearing

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315887/statutory-auditor-appointed-by-cag-can’t-be-terminated-without-opportunity-of-hearing-gujarat-hc.aspx

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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...