Saturday, August 21, 2021

HC allows appeal against sale of property as entire procedure was subjected to challenge on frivolous grounds

FEMA, BANKING amp; INSURANCE : Where in a matter of recovery of dues by bank, borrower created hurdles by taking shelter on technicalities and when secured property of borrower was sold for realization of dues, entire procedure was subjected to challenge on frivolous grounds, appeal against impugned order passed by Single Judge setting aside sale of property was to be allowed

from www.taxmann.com Latest Case Laws https://ift.tt/3k5ukbq

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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...