Daily digest for Gupta Chandan & Associates, on June 21, 2021

posted: "INCOME TAX : Where Tribunal set aside disallowance made under section 40(a)(i) for failure of assessee to deduct tax at source on sub-contract charges claimed by assessee, by merely concluding that sub-contract charges in books of account of assessee were" New post on Gupta Chandan & Associates Tribunal can't set aside sec. 40(a)(i) disallowance without assigning reason for its conclusion: Karnataka HC INCOME TAX : Where Tribunal set aside disallowance made under section 40(a)(i) for failure of assessee to deduct tax at source on sub-contract charges claimed by assessee, by merely concluding that sub-contract charges in books of account of assessee were merely journal entries recorded from books of parent company and did not assign any reasons […] Read more of this post June 21, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1o1 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/tribunal-cant-set-aside-sec-40ai-disallowance-without-assigning-reason-for-its-conclusion-karnataka-hc/

posted: "INCOME TAX : Where assessee-company was engaged in business of manufacturing of high end diamond jewellery and TPO observed that assessee had failed to submit segmental accounts regarding its AE and non-AE transactions, as it had not maintained documents " New post on Gupta Chandan & Associates No penalty as there are practical difficulties in furnishing details of AE amp; non-AE transaction in diamond industry: ITAT INCOME TAX : Where assessee-company was engaged in business of manufacturing of high end diamond jewellery and TPO observed that assessee had failed to submit segmental accounts regarding its AE and non-AE transactions, as it had not maintained documents as required under section 92D(3) read with rule 10D(3), there being practical difficulties involved in furnishing […] Read more of this post June 21, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1o0 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/no-penalty-as-there-are-practical-difficulties-in-furnishing-details-of-ae-amp-non-ae-transaction-in-diamond-industry-itat/

posted: "The Central Government has extended the tenure of appointment of Shri Santosh Kumar Mohanty as Whole-Time Member of the Securities and Exchange Board of India for a period of two years beyond 24.06.2021 i.e. upto 24.06.2023 or until further orders, whiche" New post on Gupta Chandan & Associates Govt. extends tenure of appointment of Whole-time members of the SEBI for 2 years The Central Government has extended the tenure of appointment of Shri Santosh Kumar Mohanty as Whole-Time Member of the Securities and Exchange Board of India for a period of two years beyond 24.06.2021 i.e. upto 24.06.2023 or until further orders, whichever is earlierThe Central Government has extended the tenure of appointment of Shri Santosh Kumar […] Read more of this post June 21, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-1nZ 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/govt-extends-tenure-of-appointment-of-whole-time-members-of-the-sebi-for-2-years/