Saturday, 26 March 2022

Daily digest for Gupta Chandan & Associates, on March 26, 2022

posted: "FEMA, BANKING amp; INSURANCE : Where Default Identification Committee of bank declared petitioner as wilful defaulter and same was confirmed by Review Committee, since both committees have recorded conclusions without indicating reasons in support of same"
posted: "IFSCA has notified the International Financial Services Centres Authority (Performance Review Committee) Regulations, 2022. The regulations prescribe norms for the operation and functions of the performance review committee. The regulations also prescribe"
posted: "INCOME TAX : Where assessee in initial assessment year taxed interest accrued on deposits made with its sister concern as business income, same would be assumed to be done in ordinary course of business, thus, later when assessee waived off principal amou"
posted: "INCOME TAX : Where assessee, a drug manufacturing company, had entered into marketing agreement with company 'BI', in terms of which said company had paid a non-refundable amount to assessee for assignment of global exclusive distribution rights to it and"

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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....