Proceedings against ex-directors u/s 70 couldn’t be sustained as RP could’ve obtained a/c details from creditor bank

Case Details: Venugopal Dhoot v. … Continue reading “Proceedings against ex-directors u/s 70 couldn’t be sustained as RP could’ve obtained a/c details from creditor bank”

M2M loss arising on valuation of forward contract on closing date of accounting year allowable as business loss: ITAT

Case Details: VVF (India) Ltd. … Continue reading “M2M loss arising on valuation of forward contract on closing date of accounting year allowable as business loss: ITAT”