Tuesday, 12 October 2021

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

posted: "INCOME TAX : Where AO restricted depreciation claimed by assessee-company, engaged in software development, on software work in progress capitalized during year on ground that assessee failed to prove existence of such asset, since assessee had maintained"
posted: "INCOME TAX : Where AO issued a reopening notice on ground that assessee had debited a sum of certain amount as bad debt written off in its profit and loss account, however, in return of income, assessee did not furnish any details about such bad debts, si"
posted: "The Central Board of Direct Taxes (CBDT) has exempted certain non-resident persons from the requirement of furnishing of return of Income under section 139, subject to fulfillment of prescribed conditions. The benefit of exemption is available from Assess"
posted: "The Competition Commission of India has approved the internal restructuring of the TVS Group, under Section 31(1) of the Competition Act, 2002. The proposed combination contemplates an internal restructuring within the TVS group pursuant to the execution "
posted: "INCOME TAX : Where assessee-company contended that reopening notice issued against it on ground that it had not deducted TDS on payment made to its AE for shared/cost sharing expenses was unjustified as said issue was already pending adjudication before T"

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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....