Monday, September 27, 2021

Gujarat HC remanded matter back as SEBI failed to fix liability on writ-applicant

COMPANY LAW : SEBI found that schemes floated by applicant company squarely fell within definition of Collective Investment Scheme as defined under section 11AA of SEBI Act and several complaints had been made by investors to effect that company was not redressing grievances of investors with regard to return of dues and accordingly an order was passed by SEBI

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

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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...