Daily digest for Gupta Chandan & Associates, on July 17, 2021

posted: "FEMA amp; BANKING : If cheque had been issued by firm which was subsequently dishonoured, a partner of firm would not be liable for prosecution under section 138 without firm being arraigned as an accusedFEMA amp; BANKING : If cheque had been issued by fi" New post on Gupta Chandan & Associates Partner of a firm not liable for cheque dishonouring without firm being arraigned as an accused: HC FEMA amp; BANKING : If cheque had been issued by firm which was subsequently dishonoured, a partner of firm would not be liable for prosecution under section 138 without firm being arraigned as an accusedFEMA amp; BANKING : If cheque had been issued by firm which was subsequently dishonoured, a partner of firm would not […] Read more of this post July 17, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1s6 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/partner-of-a-firm-not-liable-for-cheque-dishonouring-without-firm-being-arraigned-as-an-accused-hc/

posted: "INCOME TAX : Where Commissioner held that by virtue of second proviso to section 2(15) as assessee's threshold limit of turnover exceeded sum of Rs. 10,00,000, assessee was hit by provisions of section 2(15), and thus, objects of assessee were no longer c" New post on Gupta Chandan & Associates AO can't cancel registration unless trust not carrying on activity as per its objects: ITAT INCOME TAX : Where Commissioner held that by virtue of second proviso to section 2(15) as assessee's threshold limit of turnover exceeded sum of Rs. 10,00,000, assessee was hit by provisions of section 2(15), and thus, objects of assessee were no longer charitable and, accordingly, cancelled registration granted to it w.e.f. 1-4-2009, since there was […] Read more of this post July 17, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-1s5 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/ao-cant-cancel-registration-unless-trust-not-carrying-on-activity-as-per-its-objects-itat/

posted: "In addition to the standardized rating scales and subsequent to discussions with various stakeholders, the SEBI has prescribed Expected Loss (EL) based Rating Scale to be used by CRAs for ratings of projects/ instruments associated with infrastructure" New post on Gupta Chandan & Associates SEBI presents 'Expected Loss' based rating scale for rating infra projects/instruments by credit rating agencies In addition to the standardized rating scales and subsequent to discussions with various stakeholders, the SEBI has prescribed Expected Loss (EL) based Rating Scale to be used by CRAs for ratings of projects/ instruments associated with infrastructure sector to begin with. SEBI has prescribed Rating symbols E1 to E7 where instruments rated 'E1' are considered […] Read more of this post July 17, 2021 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-1s4 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/sebi-presents-expected-loss-based-rating-scale-for-rating-infra-projects-instruments-by-credit-rating-agencies/