Monday, 26 July 2021

Daily digest for Gupta Chandan & Associates, on July 26, 2021

posted: "INCOME TAX : Where Assessing Officer examined and disallowed exemption claimed by assessee under section 10(38) in respect of long-term capital gains arising out of sale of shares on ground that company in which assessee invested was a penny stock company"
posted: "The Income-tax dept. has carried out a search operation on 22.07.2021 on a 'Dainik Bhaskar' business group, which is involved in businesses in various sectors, including Media, Power, Textiles, etc. The quantum of income escapement using this modus operan"
posted: "INCOME TAX : Where in year 2008 prosecution was launched against assessee for offences pertaining to wrong disclosure of income for assessment year 1994-95, taking into account year in which offence was committed and fact that tax liability had already be"

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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....