Saturday, 7 August 2021

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

posted: "INCOME TAX : SLP dismissed against High Court ruling that in absence of any cogent reasons justifying withholding of refund due to assessee under section 143(1), approval granted by Principal Commissioner for withholding such refund under section 241A was"
posted: "INCOME TAX : Where case of assessee was transferred from one Assessing Officer to another Assessing Officer within same city, in view of provisions of sub-section (3) of section 127, there was no statutory requirement for notice or prior intimation to be "
posted: "INCOME TAX : Notification No. SO 3015(E), dated 5-11-2019 came into effect from 5-11-2019INCOME TAX : Notification No. SO 3015(E), dated 5-11-2019 came into effect from 5-11-2019www.taxmann.com Latest Case LawsRead More"
posted: "In view of the resurgence of the Covid-19 pandemic in 2021 and recognising the difficulties it may pose for the borrowers in meeting the operational parameters, the RBI has decided to defer the target date for meeting the specified thresholds in respect o"
posted: "In view of the impending discontinuance of LIBOR as a benchmark rate, the RBI has decided to permit banks to extend export credit using any other widely accepted Alternative Reference Rate in the currency concerned. All other instructions in this regard s"
posted: "INCOME TAX : Where assessee requests for a personal hearing before passing final assessment order under section 143(3), read with section 144B, officer in-charge, under provisions of clause (viii) of section 144B(7), would have to, ordinarily, grant a per"
posted: "INCOME TAX : Where post search operation upon company in which assessee was a director, assessee admitted certain undisclosed income of company on basis of incriminating material found and seized during search, since income/entries in such seized material"
posted: "INCOME TAX : Where assessee had received certain amount in cash in her bank account, since assessee had not given any evidence to prove that this was not her turnover, Assessing Officer was justified in treating entire deposits as assessee's turnover and "
posted: "The Black Law Dictionary[ Black's Law Dictionary, 9th edition, Bryan A. Garner] defines "relation back" as "the doctrine that an act done at a later time is, under certain circumstances, treated as though it occurred at an earlier time….". The doctrine no"

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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....