Daily digest for Gupta Chandan & Associates, on June 25, 2022

posted: "The Central Government, in consultation with the Chief Justice of the High Court of Uttarakhand, has designated Special Courts in the State of Uttarakhand for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undi" Gupta Chandan & Associates Central Govt. notifies Special Court in Uttarakhand for the purpose of Income Tax amp; Black Money Act Jun 25 The Central Government, in consultation with the Chief Justice of the High Court of Uttarakhand, has designated Special Courts in the State of Uttarakhand for the purposes of section 280A of the Income-tax Act, 1961 and section 84 of the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015,The Central Government, […] 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/central-govt-notifies-special-court-in-uttarakhand-for-the-purpose-of-income-tax-amp-black-money-act/ Powered by Jetpack

posted: "The Central Board of Direct Taxes (CBDT) has notified Format, Procedure, and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT) electronically. STT returns shall be furnished on or before 30th June, i" Gupta Chandan & Associates CBDT notifies Format, Procedure, and Guidelines for submission of STT return electronically Jun 25 The Central Board of Direct Taxes (CBDT) has notified Format, Procedure, and Guidelines for submission of Form No. 1, Form No. 2 and Form No. 2A for Securities Transaction Tax (STT) electronically. STT returns shall be furnished on or before 30th June, immediately following the Financial Year in which the transaction has been recorded.The Central […] 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/cbdt-notifies-format-procedure-and-guidelines-for-submission-of-stt-return-electronically/ Powered by Jetpack

posted: "INCOME TAX : Where assessee, a trust, in earlier years had been claiming exemption under section 10(23C) and it got registration under section 12A on 2-9-2014 and it in return filed for assessment year 2014-15 claimed exempt income under section 10(23C) i" Gupta Chandan & Associates ITAT directs AO to allow exemption to trust u/s 12A as it wrongly claimed exemption u/s 10(23C) Jun 25 INCOME TAX : Where assessee, a trust, in earlier years had been claiming exemption under section 10(23C) and it got registration under section 12A on 2-9-2014 and it in return filed for assessment year 2014-15 claimed exempt income under section 10(23C) instead of claiming same under section 12A, mistake had occurred as a human error […] 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/itat-directs-ao-to-allow-exemption-to-trust-u-s-12a-as-it-wrongly-claimed-exemption-u-s-1023c/ Powered by Jetpack

posted: "INCOME TAX : SLP granted against impugned order passed by High Court that where none of circumstances envisaged under clause (a), (b), or (c) of sub-section (1) of section 132 are attracted, search warrant is invalidINCOME TAX : SLP granted against impugn" Gupta Chandan & Associates SC granted SLP against ruling that search warrant is invalid if none of clause of section 132(1) is attracted Jun 25 INCOME TAX : SLP granted against impugned order passed by High Court that where none of circumstances envisaged under clause (a), (b), or (c) of sub-section (1) of section 132 are attracted, search warrant is invalidINCOME TAX : SLP granted against impugned order passed by High Court that where none of circumstances envisaged under clause […] 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/sc-granted-slp-against-ruling-that-search-warrant-is-invalid-if-none-of-clause-of-section-1321-is-attracted/ Powered by Jetpack

posted: "The RBI has observed that an alternate system in respect of transactions where cardholders decide to enter the card details manually at the time of undertaking the transaction has not been implemented by the industry stakeholders, so far. Accordingly. RBI" Gupta Chandan & Associates RBI extends the timeline for card tokenization by another 3 months till September 30, 2022 Jun 25 The RBI has observed that an alternate system in respect of transactions where cardholders decide to enter the card details manually at the time of undertaking the transaction has not been implemented by the industry stakeholders, so far. Accordingly. RBI has decided to extend the timeline for storing of Card-on-File (CoF) data by three months, […] 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/rbi-extends-the-timeline-for-card-tokenization-by-another-3-months-till-september-30-2022/ Powered by Jetpack

posted: "INCOME TAX : SLP granted against High Court order that as per sections 2(28C) and 274(2), approval granted by Addl. Commissioner under section 274(2) on a permission sought by Assessing Officer before imposing penalty under section 271(1)(c) was competent" Gupta Chandan & Associates SC granted SLP against ruling that approval granted by Addl. CIT u/s 274 before imposing penalty was valid Jun 25 INCOME TAX : SLP granted against High Court order that as per sections 2(28C) and 274(2), approval granted by Addl. Commissioner under section 274(2) on a permission sought by Assessing Officer before imposing penalty under section 271(1)(c) was competent under lawINCOME TAX : SLP granted against High Court order that as per sections 2(28C) and […] 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/sc-granted-slp-against-ruling-that-approval-granted-by-addl-cit-u-s-274-before-imposing-penalty-was-valid/ Powered by Jetpack