Daily digest for Gupta Chandan & Associates, on March 11, 2022

posted: "INCOME TAX : Where assessee, an IATA agent, engaged in booking tickets for its clients, received advance amounts from clients for being paid to various airline companies and impugned assessment order had been passed based on assumption that amount lying i" New post on Gupta Chandan & Associates HC grants relief by quashing order as assessee was required to wound up to meet tax demand raised on unexplained income INCOME TAX : Where assessee, an IATA agent, engaged in booking tickets for its clients, received advance amounts from clients for being paid to various airline companies and impugned assessment order had been passed based on assumption that amount lying in assessee's account during period was an unexplained income of assessee as assessee had been […] Read more of this post March 11, 2022 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-2gG Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/hc-grants-relief-by-quashing-order-as-assessee-was-required-to-wound-up-to-meet-tax-demand-raised-on-unexplained-income/

posted: "The Market regulator, SEBI has conducted search and seizure operations at the premises of 7 individuals and 1 corporate entity at multiple locations in Ahmedabad, Bhavnagar, Neemuch, Delhi, and Mumbai. During the Search and Seizure operations, SEBI Offici" New post on Gupta Chandan & Associates SEBI conducts search and seizures at multiple locations in country; cautions investors not to rely on unsolicited tips The Market regulator, SEBI has conducted search and seizure operations at the premises of 7 individuals and 1 corporate entity at multiple locations in Ahmedabad, Bhavnagar, Neemuch, Delhi, and Mumbai. During the Search and Seizure operations, SEBI Officials seized various records and documents including Mobile Phones, Laptops, Tablets, Hard Drive Disks and Pen Drive. Further, […] Read more of this post March 11, 2022 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-2gF Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/sebi-conducts-search-and-seizures-at-multiple-locations-in-country-cautions-investors-not-to-rely-on-unsolicited-tips/

posted: "The CBDT has notified an exclusion to the cases where penalty shall not be imposed in a faceless manner. The Board has notified that penalty proceedings, in cases where pendency couldn't be created on ITBA because of technical reasons or cases not having " New post on Gupta Chandan & Associates Cases not created on ITBA due to technical bugs/not having PAN to be excluded from Faceless Penalty Scheme: CBDT The CBDT has notified an exclusion to the cases where penalty shall not be imposed in a faceless manner. The Board has notified that penalty proceedings, in cases where pendency couldn't be created on ITBA because of technical reasons or cases not having a PAN, shall remain outside the purview of Faceless Penalty Scheme 2021The […] Read more of this post March 11, 2022 at 12:00 am | Categories: Latest Statutory Happenings, News | URL: https://wp.me/pcenIR-2gE Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/cases-not-created-on-itba-due-to-technical-bugs-not-having-pan-to-be-excluded-from-faceless-penalty-scheme-cbdt/

posted: "INCOME TAX : Where in case of a transfer of capital asset, under Joint Development Agreement, consideration for transfer was not attributable or determinable, guidance value of land or guidance value of building would be appropriate mode to determine full" New post on Gupta Chandan & Associates Guidance value of land or building to be considered if consideration for transfer under JDA isn't determinable: HC INCOME TAX : Where in case of a transfer of capital asset, under Joint Development Agreement, consideration for transfer was not attributable or determinable, guidance value of land or guidance value of building would be appropriate mode to determine full value of considerationINCOME TAX : Where in case of a transfer of capital asset, under […] Read more of this post March 11, 2022 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-2gD Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/guidance-value-of-land-or-building-to-be-considered-if-consideration-for-transfer-under-jda-isnt-determinable-hc/