Daily digest for Gupta Chandan & Associates, on April 27, 2022

posted: "INCOME TAX : Where AO sought to reopen assessment in case of assessee on discovering huge cash deposits against assessee's PAN number and also discovered that for relevant assessment year, assessee chose not to file any return at all, reopening of assessm" Reassessment justified as huge cash was deposited against PAN of assessee being non-filer of ITR: HC Apr 27 INCOME TAX : Where AO sought to reopen assessment in case of assessee on discovering huge cash deposits against assessee's PAN number and also discovered that for relevant assessment year, assessee chose not to file any return at all, reopening of assessment was justified as there was sufficient as well as relevant information to formation […] Read more of this post Comment 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 Powered by Jetpack

posted: "SEBI has issued Master circulars for InvITs and REITs to enable the industry and other users to have an access to all the applicable circulars at one place. Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, 2022. The SE" SEBI issues master circular for InvITs and REITs Apr 27 SEBI has issued Master circulars for InvITs and REITs to enable the industry and other users to have an access to all the applicable circulars at one place. Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, 2022. The SEBI, however, clarified that circulars providing temporary relaxations with regards […] Read more of this post Comment 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 Powered by Jetpack

posted: "INCOME TAX : Where assessee had transferred part of converted capital asset into stock-in-trade during relevant financial period and Assessing Officer failed to make any enquiry in this regard and to tax same in hands of assessee and no enquiry had been c" Sec. 263 revision justified if AO failed to tax capital asset which was converted into stock-in-trade: ITAT Apr 27 INCOME TAX : Where assessee had transferred part of converted capital asset into stock-in-trade during relevant financial period and Assessing Officer failed to make any enquiry in this regard and to tax same in hands of assessee and no enquiry had been conducted by Assessing Officer during assessment proceedings in this regard, it was a […] Read more of this post Comment 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 Powered by Jetpack

posted: "SEBI has issued Master Infrastructure Investment Trusts (InvITs) to enable the industry and other users to have an access to all the applicable circulars at one place. Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, " SEBI issues master circular for Infrastructure Investment Trusts (InvITs) Apr 27 SEBI has issued Master Infrastructure Investment Trusts (InvITs) to enable the industry and other users to have an access to all the applicable circulars at one place. Master Circular is a compilation of relevant circulars issued by SEBI up to March 31, 2022. SEBI however, clarified that Circulars providing temporary relaxations with regards to certain […] Read more of this post Comment 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 Powered by Jetpack