Tuesday, 5 October 2021

Daily digest for Gupta Chandan & Associates, on October 5, 2021

posted: "FEMA, BANKING amp; INSURANCE : Order of Magistrate taking cognizance of offence against petitioner could not be quashed at very threshold on ground of payment of insufficient Court fees or that complaint was not filed by director of company, said issues w"
posted: "INCOME TAX : Section 144B(7) mandatorily provides for issuance of a prior show cause notice and draft assessment order before issuing final assessment orderINCOME TAX : Section 144B(7) mandatorily provides for issuance of a prior show cause notice and dra"
posted: "INCOME TAX : Where Assessing Officer initiated reassessment proceedings upon issue of notices under section 148 after date 1-4-2021, since by virtue of section 1(2)(a) of Finance Act, 2021, provisions of sections 147, 148, 149 and 151 as existed upto 31-3"
posted: "In order to bring about transparency in the Investor Grievance Redressal Mechanism, the SEBI has decided that all the Stock Exchanges and the Clearing Corporations shall disclose on their websites, the data on complaints received against them and redressa"
posted: "The Reserve Bank has permitted banks to amortise the additional liability on account of revision in family pension. In addition to foregoing, it has clarified that the liability for enhancement of family pension shall be fully recognised as per applicable"
posted: "INCOME TAX : Rental income received by assessee from letting out building along with other amenities in an industrial park would be chargeable to tax under head 'income from business and profession'INCOME TAX : Rental income received by assessee from lett"
posted: "INCOME TAX : Where assessee trust was granted exemption under section 4(3)(i) of Income-tax Act, 1922, same being inconsistent with corresponding provisions under Income-tax Act of 1961, it could not have been saved under section 297(2)(k) of Act, 1961 as"
posted: "In order to bring about transparency in the Investor Grievance Redressal Mechanism, the SEBI has decided that all the Stock Exchanges and the Clearing Corporations shall disclose on their websites, the data on complaints received against them and redressa"
posted: "The export of Syringes with or without Needles falling under HSN code 90183100 or falling under any other HSN code has been put under 'Restricted' category with immediate effect.The export of Syringes with or without Needles falling under HSN code 9018310"

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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....