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

posted: "The CBDT has received representations from the field authorities that since orders passed by the designated authority (DA) under 'Vivad se Vishwas', have a consequential effect under the Act, there is no provision available to the Assessing Officer to giv" New post on Gupta Chandan & Associates AO to pass consequential order to give effect to order passed by designated authority under 'Vivad se Vishwas': CBDT The CBDT has received representations from the field authorities that since orders passed by the designated authority (DA) under 'Vivad se Vishwas', have a consequential effect under the Act, there is no provision available to the Assessing Officer to give effect to the order passed by the DA. The board has clarified that where the […] Read more of this post March 5, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-15y 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/ao-to-pass-consequential-order-to-give-effect-to-order-passed-by-designated-authority-under-vivad-se-vishwas-cbdt/

posted: "The Income-tax Department has carried out search and survey operations on 03.03.2021 on two leading film production companies, a leading actress and two Talent Management companies in Mumbai. During the search, evidence of huge suppression of income has b" New post on Gupta Chandan & Associates Manipulation in income having tax effect of Rs. 650 crore found during search on leading film actress/producer: CBDT The Income-tax Department has carried out search and survey operations on 03.03.2021 on two leading film production companies, a leading actress and two Talent Management companies in Mumbai. During the search, evidence of huge suppression of income has been unearthed. Evidence related to manipulation and under-valuation of share transactions having tax implication of about Rs. […] Read more of this post March 5, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-15x 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/manipulation-in-income-having-tax-effect-of-rs-650-crore-found-during-search-on-leading-film-actress-producer-cbdt/