Daily digest for Gupta Chandan & Associates, on December 26, 2020

posted: "INCOME TAX : Where assessee claimed deduction on account of bid loss on chit twice, one in profit and loss account and second in memo of computation of income during relevant assessment year, reassessment proceeding to disallow excess claim of loss was pr" New post on Gupta Chandan & Associates Reassessment was justified as assessee claimed deduction for bid loss on chit twice INCOME TAX : Where assessee claimed deduction on account of bid loss on chit twice, one in profit and loss account and second in memo of computation of income during relevant assessment year, reassessment proceeding to disallow excess claim of loss was properINCOME TAX : Where assessee claimed deduction on account of bid loss on […] Read more of this post December 26, 2020 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-L4 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/reassessment-was-justified-as-assessee-claimed-deduction-for-bid-loss-on-chit-twice/

posted: "GST/EXCISE/ST/VAT : Where Competent Authority of Customs Department seized raw material and finished goods lying in factory of assessee and ordered for provisionally release of same on assessee furnishing bank guarantee for more than Rs. 30 crores/cash se" New post on Gupta Chandan & Associates Provisional release of goods permitted after furnishing Bank guarantee Guj. : HC GST/EXCISE/ST/VAT : Where Competent Authority of Customs Department seized raw material and finished goods lying in factory of assessee and ordered for provisionally release of same on assessee furnishing bank guarantee for more than Rs. 30 crores/cash security deposit of more than Rs. 10 crores,GST/EXCISE/ST/VAT : Where Competent Authority of Customs Department seized raw material […] Read more of this post December 26, 2020 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-L3 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/provisional-release-of-goods-permitted-after-furnishing-bank-guarantee-guj-hc/

posted: "INCOME TAX: Unabsorbed depreciation for assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years, in view of amended section 32(2)INCOME TAX: Unabsorbed depreciation for assessment year 1997-98 could be allo" New post on Gupta Chandan & Associates Unabsorbed depreciation can be carried forward and set-off for infinite period irrespective of AY to which it relates INCOME TAX: Unabsorbed depreciation for assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years, in view of amended section 32(2)INCOME TAX: Unabsorbed depreciation for assessment year 1997-98 could be allowed to be carried forward and set off after a period of eight years, in view […] Read more of this post December 26, 2020 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-L2 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/unabsorbed-depreciation-can-be-carried-forward-and-set-off-for-infinite-period-irrespective-of-ay-to-which-it-relates/