Monday, 24 May 2021

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

posted: "EXCISE/ST/VAT : Where Tobacco Jarda manufacturer did not intend to operate machine and, hence, Superintendent of Excise had sealed machine and passed order accordingly, in absence any material suggesting that assessee operated machine, abatement of duty c"
posted: "COMPANY LAW : Typographical/inadvertent error in recording of minutes, which is rectified subsequently cannot be termed as an offence, far less an offence under provisions of Companies ActCOMPANY LAW : Typographical/inadvertent error in recording of minut"
posted: "INCOME TAX : Interest, salary, bonus, commission or remuneration received or receivable from firm by partners shall be assessable in hands of partners as income from business or profession under section 28 and partner shall be entitled to all expenditure "
posted: "INCOME TAX : Where assessee, an employee of a bank, did not claim exemption under section 10(10C) on amount received by him on early voluntary retirement from bank, however, later on claimed same on basis of a dictum of Supreme Court in case of another em"

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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....