Daily digest for Gupta Chandan & Associates, on June 8, 2022

posted: "INCOME TAX : Where CIT(E) had neither doubted genuineness of activities of assessee trust nor there was any allegations that activities were not in accordance with objects of trust, CIT(E) could not cancel registration of trust under section 12AA for reas" Gupta Chandan & Associates No cancellation of trust registration just because it received donations from entity providing accommodation entry: HC Jun 8 INCOME TAX : Where CIT(E) had neither doubted genuineness of activities of assessee trust nor there was any allegations that activities were not in accordance with objects of trust, CIT(E) could not cancel registration of trust under section 12AA for reason that it had received donations from an organisation who was found to be involved […] 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-cancellation-of-trust-registration-just-because-it-received-donations-from-entity-providing-accommodation-entry-hc/ Powered by Jetpack

posted: "Arbitration is an increasingly popular mode of dispute resolution which is of immense importance in today's world as it lifts a significant amount of burden from the shoulders of the courts.Arbitration is an increasingly popular mode of dispute resolution" Gupta Chandan & Associates Taxability of Arbitral Awards in India Jun 8 Arbitration is an increasingly popular mode of dispute resolution which is of immense importance in today's world as it lifts a significant amount of burden from the shoulders of the courts.Arbitration is an increasingly popular mode of dispute resolution which is of immense importance in today's world as it lifts a significant amount of burden […] 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/taxability-of-arbitral-awards-in-india/ Powered by Jetpack

posted: "The Monetary Policy Committee (MPC) of the RBI has announced the increase in the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 4.90 per cent with an immediate effect. Earlier the prescribed repo rate was 4.40 percent" Gupta Chandan & Associates RBI hikes policy repo rate under the liquidity adjustment facility by 50 bps to 4.90% Jun 8 The Monetary Policy Committee (MPC) of the RBI has announced the increase in the policy repo rate under the liquidity adjustment facility (LAF) by 50 basis points to 4.90 per cent with an immediate effect. Earlier the prescribed repo rate was 4.40 percent. The standing deposit facility (SDF) rate stands adjusted to 4.65 per cent […] 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-hikes-policy-repo-rate-under-the-liquidity-adjustment-facility-by-50-bps-to-4-90/ Powered by Jetpack

posted: "Taking into account the increase in housing prices and considering the customer needs, the RBI has hiked the existing limits on individual housing loans by cooperative banks. Accordingly, the limits for Tier I /Tier II Primary (Urban) Co-operative Banks (" Gupta Chandan & Associates RBI hikes existing limits on individual housing loans by Co-operative Banks Jun 8 Taking into account the increase in housing prices and considering the customer needs, the RBI has hiked the existing limits on individual housing loans by cooperative banks. Accordingly, the limits for Tier I /Tier II Primary (Urban) Co-operative Banks (UCBs) have been hiked to Rs. 60 lakh/ Rs. 140 lakh, respectively. For Rural Cooperative Banks […] 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-hikes-existing-limits-on-individual-housing-loans-by-co-operative-banks/ Powered by Jetpack

posted: "The SEBI has made modifications in the Cyber Security amp; Cyber resilience framework for Stock Brokers / Depository Participants. Accordingly, it is specified that the final report on said Vulnerability Assessment and Penetration Tests (VAPT) shall be su" Gupta Chandan & Associates SEBI modifies Security and Cyber resilience framework specifying new reporting requirements Jun 8 The SEBI has made modifications in the Cyber Security amp; Cyber resilience framework for Stock Brokers / Depository Participants. Accordingly, it is specified that the final report on said Vulnerability Assessment and Penetration Tests (VAPT) shall be submitted to the Stock Exchanges / Depositories after approval from Technology Committee of respective Stock Brokers / Depository […] 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-modifies-security-and-cyber-resilience-framework-specifying-new-reporting-requirements/ Powered by Jetpack

posted: "This paper provides an understanding into the corporate governance and the structures followed by the corporations and what role does corporate governance structure plays on corporate frauds.This paper provides an understanding into the corporate governan" Gupta Chandan & Associates Corporate Frauds and Investor Protection Jun 8 This paper provides an understanding into the corporate governance and the structures followed by the corporations and what role does corporate governance structure plays on corporate frauds.This paper provides an understanding into the corporate governance and the structures followed by the corporations and what role does corporate governance structure plays on corporate frauds.taxmann.com Latest ArticlesRead […] 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/corporate-frauds-and-investor-protection/ Powered by Jetpack

posted: "INCOME TAX : Where assessee deposited a sum of money towards electricity duty payable to State Government in a no-lien/escrow account and payment to State Government from that account was subject to a pending decision by Supreme Court, such payment toward" Gupta Chandan & Associates No deduction is allowed towards sum deposited in escrow account if its disposal was subject to ruling of SC: HC Jun 8 INCOME TAX : Where assessee deposited a sum of money towards electricity duty payable to State Government in a no-lien/escrow account and payment to State Government from that account was subject to a pending decision by Supreme Court, such payment towards depositing of money in no lien/escrow account did not satisfy requirement of amount having […] 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-deduction-is-allowed-towards-sum-deposited-in-escrow-account-if-its-disposal-was-subject-to-ruling-of-sc-hc/ Powered by Jetpack