Daily digest for Gupta Chandan & Associates, on February 5, 2021

posted: "INCOME TAX : Where assessment proceedings had already been completed prior to date of search under section 132, scope of making assessment under section 153C would be limited only to undisclosed income of assessee detected during search of some other pers" New post on Gupta Chandan & Associates Disallowance and additions must be based on any incriminating material found during search INCOME TAX : Where assessment proceedings had already been completed prior to date of search under section 132, scope of making assessment under section 153C would be limited only to undisclosed income of assessee detected during search of some other personINCOME TAX : Where assessment proceedings had already been completed prior to date of search […] Read more of this post February 5, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-Rj 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/disallowance-and-additions-must-be-based-on-any-incriminating-material-found-during-search/

posted: "On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting on February 5, 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 %" New post on Gupta Chandan & Associates RBI keeps repo rate and reverse repo rate unchanged at 4% and 3.35% On the basis of an assessment of the current and evolving macroeconomic situation, the Monetary Policy Committee (MPC) at its meeting on February 5, 2021 decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 4.0 %. Consequently, the reverse repo rate under the LAF remains unchanged at 3.35 per […] Read more of this post February 5, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-Ri 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/rbi-keeps-repo-rate-and-reverse-repo-rate-unchanged-at-4-and-3-35/

posted: "EXCISE/ST/VAT : Supreme Court stays order of Madras High Court directing revenue authorities not to restrict use of 'C' Forms for inter-State purchases of six specified commodities like Petroleum Crude, High Speed Diesel, Motor Spirit (Petrol), Aviation T" New post on Gupta Chandan & Associates SC stays order of Madras HC permitting inter-State purchases of diesel, etc against C-forms EXCISE/ST/VAT : Supreme Court stays order of Madras High Court directing revenue authorities not to restrict use of 'C' Forms for inter-State purchases of six specified commodities like Petroleum Crude, High Speed Diesel, Motor Spirit (Petrol), Aviation Turbine Fuel, Natural Gas and Liquor by assessees and other registered Dealers at concessional rate of taxEXCISE/ST/VAT : […] Read more of this post February 5, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-Rh 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/sc-stays-order-of-madras-hc-permitting-inter-state-purchases-of-diesel-etc-against-c-forms/