Cancellation of or suitable amendment in Sections 57 and 213 of the Indian Succession Act, 1925, which makes mandatory to obtain Probate only to Hindus, Buddhists, Sikhs and Jains residing in Mumbai, Kolkata and Chennai.
Sec 43A is applicable only to foreign exchange fluctuations on loan taken to import capital assets: Bombay HC
1. Assessment against deceased person: Participation in the reassessment proceedings cannot be regarded as waiver or submitting to the jurisdiction of the AO without objection.
Deemed dividend under section 2(22)(e) is not applicable in the absence of actual payment of sum directly by the company to its shareholder
Which companies are required to convert the physical shares in to de-mat A/c & consequences for non compliance?
