Insolvency Laws – Amendment in various regulations
- Notice u/s 148 set-aside as assessee’s e-mail was inactive and notices went un-noticed
- AO after dropping an issue for lack of evidence may re-open it on gathering information
- Jewellery converted into solid gold not unexplained or in excess of permissible limit
- A luxury litigant assessee cannot be given a second innings to make good its case – ITAT
- 20% profit rate appropriate on cash deposit in bank representing business receipts – ITAT
