Wednesday, 7 July 2021

Daily digest for Gupta Chandan & Associates, on July 7, 2021

posted: "INCOME TAX : Where assessee, manufacturer of sports products, claimed an expenditure towards establishing a pace foundation for giving training to pace bowlers, since assessee got huge publicity by training of bowlers through said foundation and it promot"
posted: "INCOME TAX : Where assessee power distribution company undertook substantial renovation and modernization of existing power distribution lines, there was no requirement of capitalization of said expenditure in books of account and to complete renovation i"
posted: "The IFSCA has notified the International Financial Services Centres Authority (Procedure for making Regulations) Regulations, 2021. The regulations allows IFSCA to make new regulations to carry out the provisions of the Act with the approval of the Author"
posted: "IFSCA has notified the IFSCA (Banking) (Second Amendment) Regulations, 2021 whereby definition of 'Banking Unit' has been amended to be called 'IFSC Banking Unit', a new definition of 'Home Regulator' has been inserted. Under revised norms, the Banking un"
posted: "COMPANY LAW/SEBI : 100 per cent acquisition of a company directly or indirectly by a listed entity, irrespective of its value and size is a material event and becomes an Unpublished Price Sensitive Information (UPSI) under PIT regulations thereby making i"
posted: "INCOME TAX : Where AO issued a reopening notice against assessee on ground that deduction under section 80-IA(4)(iv) claimed and allowed on generation and sale of steam by assessee was to be disallowed, since all relevant material in relation to issue of "

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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....