posted: "COMPANY LAW : Where petitioners were directors who had been disqualified prior to 7-5-2018, qua other companies in addition to defaulting company, proviso to section 167(1)(a) would not apply and petitioners would continue to be directors in companies oth"
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posted: "INCOME TAX : SLP dismissed against impugned order of High Court holding that in absence of supporting evidence, additions based merely on presumption that assessee had earned undisclosed income and incurred expenses outside books of account would not be s"
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posted: "INCOME TAX : Where assessee made no provision for outstanding interest payable on loan, waiver of such outstanding interest could not be considered as withdrawal of provision and, thus, impugned amount could not be reduced from book profitINCOME TAX : Whe"
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posted: "INCOME TAX : Writ Court cannot go into sufficiency and adequacy of reasons recorded in note of satisfaction in terms of section 132; power of High Court is limited only to assessing whether relevant reasons were recorded while initiating proceedingsINCOME"
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