Friday, October 22, 2021

Wilful breach of undertaking given to Court would tantamount to Contempt of Court : Apex Court

CONTEMPT OF COURT ACT : SLP dismissed against impugned order of High Court holding that where director's of company got court's permission for deferment of repayment of loan amount by giving undertakings that they would deposit 25 per cent of notice amount in three instalments, but cheque deposited by them were dishonoured, they breached undertakings given and thus, guilty of contempt of court

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

No comments:

Post a Comment

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...