Friday, 25 June 2021

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

posted: "INCOME TAX : Where very reason for reopening assessment that assessee had not filed return of income was incorrect and Assessing Officer had reopened assessment without ascertaining whether assessee had filed return or not, reopening of assessment was not"
posted: "INCOME TAX : Where assessee prior to obtaining IRDA license to conduct insurance business had acquired necessary wherewithal and physical infrastructure for carrying on its business and was only waiting for approval of its application for commencement, ex"
posted: "INCOME TAX : Second proviso to section 40(a)(i) inserted with effect from 1-4-2020 is curative in nature and has retrospective effectINCOME TAX : Second proviso to section 40(a)(i) inserted with effect from 1-4-2020 is curative in nature and has retrospec"
posted: "The Income-tax Department has carried out search and seizure action on 21.06.2021 on a Raipur based hawala operator. Four premises at Raipur were covered in the action. The modus operandi involved not only giving accommodation entries of sale, purchase et"
posted: "The lawyers in India today practice in three significant ways. They either practice personally as personal practitioners or in a law firm or in a corporate company.The lawyers in India today practice in three significant ways. They either practice persona"
posted: "The International Financial Services Centres Authority (IFSCA) has constituted a committee to examine global best practices in ship financing and leasing, identify opportunities and devise a roadmap to enable such activities from GIFT IFSC. This committee"
posted: "In view of the requests of the members of ICSI to extend the ECSIN Amnesty Scheme, persisting situations in the country due to COVID-19 and various practical difficulties being faced by the members, the ICSI has decided to extend the ECSIN Amnesty Scheme,"

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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....