Wednesday, 20 January 2021

Daily digest for Gupta Chandan & Associates, on January 20, 2021

posted: "In view of the difficulties faced due to COVID-19 pandemic and the lockdown measures, the SEBI has further extended the relaxations for compliance with rights issues in order to ensure that all eligible shareholders are able to apply to rights issue durin"
posted: "Chapter XIX - A of Income Tax Act, 1961 provides for settlement of cases. Income Tax Settlement Commission was set up in the year 1976 on the recommendation of Direct Tax Enquiry Committee headed by former Chief Justice of India, Shri K. N. Wanchoo. Cha"
posted: "In the case of State Bank of India Vs.V.Ramakrishnanamp;ors. the Hon'ble Supreme Court of India held that there was no bar for a creditor to proceed against a surety for recovery of dues even during the moratorium period declared under Section 14 of the I"
posted: "COMPANY LAW : Where pursuant to investigation into trading in scrip of Blue Blends it was found that appellants had unilaterally manipulated price of scrip of Blue Blends by placing a large number of sell orders repeatedly on several trading dates below L"
posted: "EXCISE/ST/VAT : Where assessee was engaged in activity of 'work wear rental', said activity would not fall under category of supply of tangible goods so as to attract service taxEXCISE/ST/VAT : Where assessee was engaged in activity of 'work wear rental',"
posted: "The Company Law Committee has issued report on decriminalization of LLP, Act, 2008 for invitation of public comments. The main objective of this report to decreminalise the provisions of the LLP, Act based on their gravity and to take other concomitant me"
posted: "INCOME TAX : Where as a result of demerger of parent company, few units were merged with assessee subsidiary company, legal and professional expenses towards demerger of units of parent company was to be allowed only to parent demerged company and not to "
posted: "The Rajasthan Govt issued Standard Operating Procedure for keeping strict vigilance on purchase of High Speed Diesel at concessional rates or against Form C.The Rajasthan Govt issued Standard Operating Procedure for keeping strict vigilance on purchase of"
posted: ""The one who utilizes all resources and opportunities at hand is an efficient and nothing is impossible for him to achieve"."The one who utilizes all resources and opportunities at hand is an efficient and nothing is impossible for him to achieve".taxma"
posted: "INCOME TAX : Where entire credit balance in accounts of assessee were outcome of purchases made during year and purchases had been accepted as genuine and no adverse inference had been drawn, lower authorities were not at all justified in making addition "
posted: "Right of appeal has been recognized as a cherished and unfettered right under the fiscal laws subject to statutory provisions embedded in the statute. Appeal as a creature of statute calls for the involvement of deliberations at length with a prayer to an"

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Daily digest for Gupta Chandan & Associates, on February 23, 2026

Income Tax Forms as applicable from 1st April 2026. Old forms under income tax Act 1961 added for better search....