Thursday, 25 November 2021

Daily digest for Gupta Chandan & Associates, on November 25, 2021

posted: "The Income Tax Department carried out a search and seizure operation on two real estate groups based in Delhi-NCR. During the course of the search action, various incriminating evidences in the form of digital and physical data have been found and seized."
posted: "INCOME TAX : Where assessee partner contended that reopening notice issued against him on ground that gains arising from transfer of gold by him to partnership firm as capital contribution at market rate was to be taxed under section 45(3) was unjustified"
posted: "The market regular, SEBI has mandated that Silver ETF Scheme shall invest at least 95% of the net assets of the scheme in Silver and Silver related instruments. The cumulative gross exposure of Silver ETFs shall not exceed 100% of the net assets of the sc"
posted: "INCOME TAX : Where Commissioner (Appeals) had given sufficient notice to assessee before enhancing assessment and had also given several adjournments to assessee for hearing of appeals, but, assessee did not avail opportunity of being heard, contention of"
posted: "COMPETITION ACT : Where informant, an NGO, alleged that in a tender floated by Public Health Engineering Department for installation and commissioning of RO in State of Rajasthan, OPs quoted high prices as compared to prices quoted by them in previous ten"

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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....