Thursday, 12 August 2021

Daily digest for Gupta Chandan & Associates, on August 12, 2021

posted: "INCOME TAX : Where AO issued reopening notice against assessee on ground that an information was received from AIMS module that shares sold by assessee were of penny stock, since such information was specific with regard to transactions of penny stock ent"
posted: "INCOME TAX : Income earned by assessee-club by way of park charges, rent received from Vodafone, BSNL and Idea towers and interest earned on fixed deposits would not be exempt from tax on basis of doctrine of mutualityINCOME TAX : Income earned by assesse"
posted: "INCOME TAX : Where AO issued a reopening notice on ground that assessee bank had debited Rs. 2 crores to profit amp; loss account towards provision for bad and doubtful debts, however, it had claimed deduction of Rs. 2.50 crores under section 36(1)(viia),"
posted: "INCOME TAX : Share premium amount received by assessee company) could not be brought to tax as revenue receipt and consequently same could not be treated as income under section 56(1)INCOME TAX : Share premium amount received by assessee company) could no"
posted: "INCOME TAX : Where assessee-company was incorporated by State Government with objects of providing re-employment to ex-servicemen, impugned order passed by CIT (Exemption) rejecting registration under section 12A to assessee on ground that it was a commer"

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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....