Thursday, October 28, 2021

Bombay HC allows ZEE’s injunction plea; restrains Invesco from calling and holding EGM to remove ZEE’s MD

COMPANY LAW : Zee filed instant writ against its investor 'Invesco' holding significant stakes attempting to convene general meetings of shareholders through which they seek to replace certain directors on existing boards - According to Zee, proposed resolutions in requisition Notice are directly contrary to Companies Act's provisions regarding directorships - However,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317747/bombay-hc-allows-zee’s-injunction-plea-restrains-invesco-from-calling-and-holding-egm-to-remove-zee’s-md.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...