Tuesday, 25 May 2021

Daily digest for Gupta Chandan & Associates, on May 25, 2021

posted: "EXCISE/ST/VAT/FOREIGN TRADE POLICY : Demand raised on petitioner trading house on grounds of breach of 'actual user' condition in license issued for import of maize (corn) under tariff quota rate (TRQ) scheme was to be set aside and matter was to be reman"
posted: "INCOME TAX : Where during survey under section 133A conducted upon an entity back up of computer, laptop and mobiles were taken in hard disk and gadgets were impounded from which it was found that assessee had maintained an undisclosed bank account which "
posted: "The RBI has issued guidelines on Amalgamation of District Central Co-operative Banks with State Co-operative Bank The State Government of the State makes a proposal to amalgamate one or more DCCB/s in the State with the StCB after conducting a detailed st"
posted: "INCOME TAX : Mere failure to pay income tax based on self-assessment by assessee would not constitute offence under section 276C(2)INCOME TAX : Mere failure to pay income tax based on self-assessment by assessee would not constitute offence under section "
posted: "FEMA, BANKING amp; INSURANCE : Where a blank signed cheque leaf was voluntarily handed over by accused to complainant towards some payment and accused failed to prove that same was not issued in discharge of a legally enforceable debt or a liability, accu"
posted: "The Central Board of Direct Taxes (CBDT) has notified procedure for furnishing and uploading of Form no. 34BB for withdrawing pending application before Settlement Commission.The Central Board of Direct Taxes (CBDT) has notified procedure for furnishing a"
posted: "The Finance Act, 2021 has amended Section 50B(2) to provide that the FMV of capital assets (being an undertaking or division transferred by way of slump sale) as on the date of transfer shall be calculated in the prescribed manner. Such FMV shall be deeme"

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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....