Tax Guru13 小时
Undisclosed Foreign Bank Account: No Penalty on mere allegations without substantiated proof
In the case of Charu Modi Bhartia Vs DCIT before the ITAT Delhi, the tribunal overturned a penalty levied under Section 271(1 ...
Tax Guru5 天
State Bank filed valid application u/s 95 against personal guarantor: NCLAT Delhi
Conclusion: Bank was justified in initiating insolvency proceedings against the personal guarantor by timely filing and proper authorization under section 95. Moreso, deed of guarantee was a ...