Saturday, 30 October 2021

Daily digest for Gupta Chandan & Associates, on October 30, 2021

posted: "In their decision in Jute Corporation of India Ltd. v. CIT [1991] 187ITR688 this Apex Court held that an appellate authority has all the powers which the original authority may have in deciding the question before it subject to the restrictions or limita"
posted: "The Central Board of Direct Taxes (CBDT) has notified 'Gujarat State Aids Control Society', 'Gujarat State Aids Control Society' and 'Chandigarh Pollution Control Committee' for the purposes of the clause (46) of section 10 of the Income-tax Act, 1961.The"
posted: "INCOME TAX : Where specific issue related to cause of delay in payment of advance tax was raised by petitioner pursuant to issue of notice under section 148, revenue was bound to consider said issue and pass reasonable order as to whether petitioner was e"
posted: "The DGFT has issued public notice to provide that the Export Authorisation is required if the SCOMET items are to be physically exported outside the country from SEZ/EOU, i.e. to another country.The DGFT has issued public notice to provide that the Export"
posted: "COMPETITION ACT : Where informants purchased MRI and CT machines from OP which were password protected and informants alleged that OP was not sharing passwords with them and, thus, they were unable to get machines serviced from outside, in view of fact th"

Friday, 29 October 2021

Daily digest for Gupta Chandan & Associates, on October 29, 2021

posted: "The market regulator, SEBI came out with a new standard for investment and trading in securities to ensure the employees of AMCs, its board members, and board members of trustees do not take undue advantage of any sensitive information. In these guideline"
posted: "The Delhi High Court has notified 'High Court of Delhi Rules for Video Conferencing for Courts 2021'. Video conferencing facilities may be used at all stages of judicial proceedings and proceedings conducted by the Court. The rules also allowed persons wh"
posted: "INCOME TAX : Where assessee owner/inherent-lessee of a leased land entered into an agreement to sell said land and there was a clear condition in agreement to sale that said land should be converted by assessee from leasehold into freehold to perfect owne"

Thursday, 28 October 2021

Daily digest for Gupta Chandan & Associates, on October 28, 2021

posted: "COMPANY LAW/ARBITRATION ACT : By virtue of Bye-laws of Multi-Commodity Exchange of India Ltd., Exchange is always entitled to legitimately constitute a Arbitral Tribunal afresh if an attempt fails or proceedings could not be concluded within prescribed ti"
posted: "INCOME TAX : Where for assessment year 2012-13 Assessing Officer being of view that assessee, a real estate developer, had not set up his business at all during year, disallowed business expenditure claimed by it, since assessee had started acquiring land"

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....