Wednesday, 24 March 2021

Daily digest for Gupta Chandan & Associates, on March 24, 2021

posted: "The CBDT has clarified that a 'search case', for the purpose of Vivad se Vishwas scheme, shall mean an assessment or reassessment made under section 143(3)/144/147/153A/ 158BC in case of a person referred to in sections 153A or 153C or 158BC or 158BD on b"
posted: "The Market Regulator, SEBI has reviewed the extant delivery default norms in consultation with Clearing Corporations whereby it has been decided that In agricultural commodities, the penalty for delivery default by seller shall now be 4% of the settlement"
posted: "On a review, the Reserve Bank of India (RBI) has been decided that non-centrally cleared derivatives exposures will continue to be outside the purview of exposure limits till September 30, 2021.On a review, the Reserve Bank of India (RBI) has been decided"
posted: "The IRDAI has allowed Life Insurers to obtain the customer's consent through electronic means, i.e., without requiring wet signature on the proposal form, for the business solicited by Individual Agents and Insurance Intermediaries, under all products, ti"
posted: "INCOME TAX : SLP granted against High Court ruling that sale of SIM cards/recharge coupons at discounted rate to distributors is not commission and therefore not liable to TDS under section 194HINCOME TAX : SLP granted against High Court ruling that sale "
posted: "INCOME TAX : Commissioner (Appeals) could not reject an appeal filed by assessee on a technical ground that same was not 'e-filed' within period of limitation prescribed under circular no. 20/2016INCOME TAX : Commissioner (Appeals) could not reject an app"
posted: "COMPANY LAW/SEBI : Provision of application of other laws such as IPC is not prohibited in view of section 32 of SEBI Act, section 26 only prohibits cognizance of offence which is punishable under SEBI Act, but does not prevent cognizance in respect of of"

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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....