Daily digest for Gupta Chandan & Associates, on June 16, 2022

posted: "FEMA amp; BANKING : Where highest bid received during public auction in respect of mortgaged property was equal to reserve price, Authorised Officer was not obliged to first obtain consent of mortgager for confirming sale in favour of auction purchaser as" Gupta Chandan & Associates Consent of mortgagor wasn't required when highest bid received in public auction sale was equal to Reserve Price: HC Jun 16 FEMA amp; BANKING : Where highest bid received during public auction in respect of mortgaged property was equal to reserve price, Authorised Officer was not obliged to first obtain consent of mortgager for confirming sale in favour of auction purchaser as rule 9 of Security Interest (Enforcement) Rules, 2002 mandates that consent is required only […] 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/news/consent-of-mortgagor-wasnt-required-when-highest-bid-received-in-public-auction-sale-was-equal-to-reserve-price-hc/ Powered by Jetpack

posted: "Exercising power conferred in section 47(viiaf), the Central Board of Direct Taxes (CBDT) has notified that the transfer of capital asset from NTPC Ltd. to NTPC Green Energy Ltd., under the plan approved by the Central Govt. on 21-03-2022 shall not be tre" Gupta Chandan & Associates Transfer of capital asset from NTPC Ltd. to NTPC Green Energy Ltd. shall not be treated as transfer u/s 47: CBDT Jun 16 Exercising power conferred in section 47(viiaf), the Central Board of Direct Taxes (CBDT) has notified that the transfer of capital asset from NTPC Ltd. to NTPC Green Energy Ltd., under the plan approved by the Central Govt. on 21-03-2022 shall not be treated as transfer.Exercising power conferred in section 47(viiaf), the Central Board of Direct […] 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/news/transfer-of-capital-asset-from-ntpc-ltd-to-ntpc-green-energy-ltd-shall-not-be-treated-as-transfer-u-s-47-cbdt/ Powered by Jetpack

posted: "In order to bring uniformity in practices across all constituents in securities market, the SEBI has decided that in case of nomination for eligible Mutual Fund Unit Holders, the Investors subscribing to mutual fund units on or after August 1, 2022, shall" Gupta Chandan & Associates SEBI brings uniformity in nomination process for mutual fund investors Jun 16 In order to bring uniformity in practices across all constituents in securities market, the SEBI has decided that in case of nomination for eligible Mutual Fund Unit Holders, the Investors subscribing to mutual fund units on or after August 1, 2022, shall have the choice of providing nomination in the format specified in fourth schedule […] 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/news/sebi-brings-uniformity-in-nomination-process-for-mutual-fund-investors/ Powered by Jetpack

posted: "INCOME TAX : Where revenue had received documents from French Official sources to effect that assessee was an account holder of a Swiss Bank and assessee was required to fill a consent-cum-waiver form, which assessee did not submit,INCOME TAX : Where reve" Gupta Chandan & Associates No prejudice is caused if a person complies with sec. 142(1) notice; HC justified levy of penalty for non-compliance Jun 16 INCOME TAX : Where revenue had received documents from French Official sources to effect that assessee was an account holder of a Swiss Bank and assessee was required to fill a consent-cum-waiver form, which assessee did not submit,INCOME TAX : Where revenue had received documents from French Official sources to effect that assessee was an […] 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/news/no-prejudice-is-caused-if-a-person-complies-with-sec-1421-notice-hc-justified-levy-of-penalty-for-non-compliance/ Powered by Jetpack