Thursday, 18 February 2021

Daily digest for Gupta Chandan & Associates, on February 18, 2021

posted: "INCOME TAX : Where assessee co-operative society collected deposits only from its members and had no transaction with non-members, assessee could not be considered as a co-operative bank merely because during penalty proceedings under section section 271D"
posted: "The Central Board of Direct Taxes (CBDT) has notified Faceless Assessment (1stAmendment) Scheme, 2021 to bring the provisions of Faceless Assessment Scheme, 2019 at par with provisions of Section 144B of the Income-tax Act, 1961The Central Board of Direct"
posted: "The market regulator, SEBI has clarified through an informal guidance that merger of 10 transferor companies with transferee company pursuant to an order of a court or a tribunal or under any law or regulation, Indian or foreign would be exempt from open "
posted: "INCOME TAX : Where case of assessee was transferred by ITO, Shillong to Assessing Officer, Guwahati as assessee's principal place of business was at Guwahati and, thus, jurisdiction to assess was with him, impugned order under section 143(3) passed by Ass"
posted: "INCOME TAX : Where assessee entered into an agreement with municipal corporation for providing work of waste treatment/processing/development/maintenance, since said agreement entered into between assessee and various authorities clearly indicated that su"
posted: "The SEBI Board has decided to recommend changes in the SCRR, for issuers with post issue market capital exceeding Rs.1,00,000 crores, the requirement of Minimum Public Offer (MPO) be reduced from 10% of post issue market capital (existing provision) to Rs"
posted: "INCOME TAX : Where assessee sold Transferable Development Right (TDR) held by it in a land and not land itself, provisions of section 50C would not be applicable upon impugned transactionINCOME TAX : Where assessee sold Transferable Development Right (TDR"

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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....