No order was passed against the rectification application filed for 6 years, Bombay HC directs disciplinary action against the AO:
ROC Delhi & Haryan Slaps cr Penalty on a Company that “crowdsourced”equity capital :Independent Directors also fined
No proceedings under sec. 74 if assessee cleared all tax liability along with interest prior to issuance of SCN: Telangana HC
Interest received either on delayed compensation enhanced compensation is chargeable as “income from other sources”
Option to choose valuation method under Section 56(2)(viib) read along with Rule 11UA(2) stand solely with the taxpayer.