Tuesday, 16 March 2021

Daily digest for Gupta Chandan & Associates, on March 16, 2021

posted: "In a significant judgement passed on 12th February, 2021 the High Court of Karnataka dismissed the writ petitions filed by NRI businessman Dr. B.R. Shetty, who was the guarantor of the loan amount of Rs.2800/- crores extended by the Bank of Baroda (BOB) a"
posted: "INCOME TAX : SLP dismissed against High Court ruling that where investment in assessee-company was made by Mauritius based global private investment group with permission of Government authorities, same could not be branded as sham transaction merely beca"
posted: "INCOME TAX : SLP dismissed against High Court ruling that deduction under section 80-IB was to be allowed where completion certificate was issued by registered architect as per State Municipal Corporation Act and; deduction could not be denied merely beca"
posted: "INCOME TAX : Where assessee claimed refund of an excess amount of advance tax paid by it on LTCG on sale of a hall before completion of previous year on 31st march so that money could be utilised for marriage of her daughter, since excess amount of advanc"
posted: "INCOME TAX : SLP dismissed against impugned order of High Court holding that where in case of assessee engaged in business of real estate, Assessing Officer initiated reassessment proceedings on ground that EDC paid by assessee to Haryana Urban Developmen"

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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....