Thursday, 18 March 2021

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

posted: "INCOME TAX : Where assessee-trust received donation from donors who initially submitted confirmation of donation, however during investigation by CBI confessed that they had not given any such donations; since genuineness of donors could not be establishe"
posted: "COMPETITION LAW : Where informant alleged that OP bidders had indulged in cartelisation in tenders for projects taken up under AMRUT Mission, however documents submitted by informant showing details of projects did not support allegations of bid rigging m"
posted: "After Apex Court's landmark decision in Canon India, now CBIC clarified that SCNs for investigation under Customs to be issued only by the jurisdictional commissioners.After Apex Court's landmark decision in Canon India, now CBIC clarified that SCNs for i"
posted: "INCOME TAX : Interest earned by assessee-firm on fixed deposits, recurring deposits and interest on income tax refund could not be excluded for purpose of working out book profit to ascertain ceiling of partners's remunerationINCOME TAX : Interest earned "
posted: "INCOME TAX : Where assessee allotted preference shares to various residents at a premium, Assessing Officer could have determined a fresh valuation but could not have changed DCF method of valuation adopted by assesseeINCOME TAX : Where assessee allotted "
posted: "After Apex Court's landmark decision in Canon India, now CBIC clarified that SCNs for investigation under Customs to be issued only by the jurisdictional commissioners.After Apex Court's landmark decision in Canon India, now CBIC clarified that SCNs for i"
posted: "INCOME TAX : Where assessee entered into an agreement for transfer of land on 6-5-2000 and possession of property was also handed over to purchaser on receiving substantial part of sale consideration and sale deed was registered on 3-8-2006, capital gain "

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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....