Saturday, 6 March 2021

Daily digest for Gupta Chandan & Associates, on March 6, 2021

posted: "INCOME TAX : Where assessee-company claimed expenditure incurred by its managing director in his individual capacity as Honorary counsel of Embassy of Ireland for organising an event to celebrate Ireland National day in India, since said expenditure was n"
posted: "INCOME TAX : Where AO made addition under section 68 in respect of LTCG declared by assessee from sale of shares by treating said transaction as bogus, since assessee had produced all necessary documentary evidences to prove genuineness of its transaction"
posted: "INCOME TAX : Where assessment was completed without proper inquiries, Commissioner was competent to invoke revisional jurisdiction and direct Assessing Officer for fresh assessmentINCOME TAX : Where assessment was completed without proper inquiries, Commi"
posted: "INCOME TAX : Where assessee let out an under construction school building on rent, since building would legally come into existence only on issuance of an occupancy certificate and, further, assessee had declared rental income from letting out of said bui"
posted: "In order to further improve transparency as well as encourage Mutual Funds/AMCs to diligently exercise their voting rights in best interest of the unitholders and based on the deliberations in MFAC, SEBI has specified guidelines requiring MFs including th"
posted: "INCOME TAX : Where revenue rejected application filed by assessee for issuing certificate for nil TDS without computing tax liability of assessee and concluding merely on guess work that there would be increase in tax liability as assessee's turnover proj"
posted: "Section 17(2)(viia) provides that any annual accretion by way of interest, dividend or any other amount of similar nature during the previous year to the balance at the credit of the fund or scheme may be treated as perquisite to the extent it relates to "
posted: "CCI amends the CCI (Meeting for Transaction of Business) Regulations, 2009 whereby regulation 3A has been inserted providing that CCI shall set down cases for final hearing after completion of pleadings and during such hearings, coram would remain constan"

No comments:

Post a Comment

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....