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Monday, 2 November 2020

Daily digest for Gupta Chandan & Associates, on November 2, 2020

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posted: "INCOME TAX : SLP dismissed against High Court ruling that where reasons for reopening of assessment was recorded by an Assessing Officer who had jurisdiction over petitioner while reopening notice under section 148 for this purpose was issued by another A"
posted: "INCOME TAX: Where assessee-company purchased an advertisement space in a local newspaper and exercised control over such space with right to either sell it to other or retain it for itself, payment made by assessee for purchase of such advertisement space"

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