Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Key man insurance policy - Taxability of the sums received on maturity of life insurance policy - Assessee claimed it as exempt income u/s 10(10D) - It was contended that the proprietorship concern was dissolved and the assessee purchased the Keyman Insurance policy after paying a surrender value - The CIT(A) upheld the addition made by the Assessing Officer under section 28(vi) of the Act - The ITAT held that the authorities were not justified in denying the benefit of exemption to the assessee and directed the AO to delete the addition.
Key man insurance policy - Taxability of the sums received on maturity of life insurance policy - Assessee claimed it as exempt income u/s 10(10D) - It was contended that the proprietorship concern was dissolved and the assessee purchased the Keyman Insurance policy after paying a surrender value - The CIT(A) upheld the addition made by the Assessing Officer under section 28(vi) of the Act - The ITAT held that the authorities were not justified in denying the benefit of exemption to the assessee and directed the AO to delete the addition.
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