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

posted: "The Benami sale (Prohibition) Act of 1988 was legislated to enjoin and control Benami deals and the capability to reclaim Benami property and any other sale involving them.The Benami sale (Prohibition) Act of 1988 was legislated to enjoin and control Bena" Gupta Chandan & Associates Benami Act and its Transitions Jun 27 The Benami sale (Prohibition) Act of 1988 was legislated to enjoin and control Benami deals and the capability to reclaim Benami property and any other sale involving them.The Benami sale (Prohibition) Act of 1988 was legislated to enjoin and control Benami deals and the capability to reclaim Benami property and any other sale involving them.taxmann.com […] 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/benami-act-and-its-transitions/ Powered by Jetpack

posted: "INCOME TAX : Expenditure incurred in nature of subscription of lease line on one-time payment for three years was revenue in nature and allowable fully in year in which it was incurredINCOME TAX : Expenditure incurred in nature of subscription of lease li" Gupta Chandan & Associates One-time payment made for acquiring subscription of lease line for three years is revenue exp.: ITAT Jun 27 INCOME TAX : Expenditure incurred in nature of subscription of lease line on one-time payment for three years was revenue in nature and allowable fully in year in which it was incurredINCOME TAX : Expenditure incurred in nature of subscription of lease line on one-time payment for three years was revenue in nature and allowable […] 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/one-time-payment-made-for-acquiring-subscription-of-lease-line-for-three-years-is-revenue-exp-itat/ Powered by Jetpack

posted: "INCOME TAX : Where assessees-trusts were granted registration under section 12A and Commissioner (Exemption) cancelled registration for reasons, inter alia, returns of income were incorrect and incomplete, amounts set apart for specific purposes were foun" Gupta Chandan & Associates CIT(E) can't cancel trust registration stating that ITR is incorrect amp; incomplete if AO is yet to complete assessment: ITAT Jun 27 INCOME TAX : Where assessees-trusts were granted registration under section 12A and Commissioner (Exemption) cancelled registration for reasons, inter alia, returns of income were incorrect and incomplete, amounts set apart for specific purposes were found to have been indiscriminately and improperly used,INCOME TAX : Where assessees-trusts were granted registration under section 12A and Commissioner (Exemption) […] 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/cite-cant-cancel-trust-registration-stating-that-itr-is-incorrect-amp-incomplete-if-ao-is-yet-to-complete-assessment-itat/ Powered by Jetpack