Daily digest for Gupta Chandan & Associates, on July 12, 2022

posted: "INCOME TAX : Where Assessing Officer issued notice under section 148 to assessee to file return on 31-3-2021 and writ applicant, legal representative of assessee, had informed about death of assessee on 22-11-2020, since writ applicant had not surrendered" Gupta Chandan & Associates HC slams AO for issuing notice in deceased name as legal representative duly informed about assessee's death Jul 12 INCOME TAX : Where Assessing Officer issued notice under section 148 to assessee to file return on 31-3-2021 and writ applicant, legal representative of assessee, had informed about death of assessee on 22-11-2020, since writ applicant had not surrendered to jurisdiction of Assessing Officer by submitting return in response to impugned notice and Assessing Officer […] 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/hc-slams-ao-for-issuing-notice-in-deceased-name-as-legal-representative-duly-informed-about-assessees-death/ Powered by Jetpack

posted: "To avoid procedural delay in processing application for approval of an 'electoral trust, the Central Board of Direct Taxes (CBDT) has issued a new format of the check-list which shall be filed along with the application in Form A.To avoid procedural delay" Gupta Chandan & Associates CBDT standardizes process for approval of Electoral Trust; issues check-list to be filed with Form A Jul 12 To avoid procedural delay in processing application for approval of an 'electoral trust, the Central Board of Direct Taxes (CBDT) has issued a new format of the check-list which shall be filed along with the application in Form A.To avoid procedural delay in processing application for approval of an 'electoral trust, the Central Board of […] 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-standardizes-process-for-approval-of-electoral-trust-issues-check-list-to-be-filed-with-form-a/ Powered by Jetpack

posted: "The Income-tax Department has carried out on two leading real estate groups of Bengaluru and Hyderabad. The search action covered more than 40 premises located in Bengaluru, Hyderabad, and Chennai. The initial analysis of the seized documents has also rev" Gupta Chandan & Associates Tax Dept. conducted search operation on 2 real estate groups of Bengaluru and Hyderabad Jul 12 The Income-tax Department has carried out on two leading real estate groups of Bengaluru and Hyderabad. The search action covered more than 40 premises located in Bengaluru, Hyderabad, and Chennai. The initial analysis of the seized documents has also revealed that these groups have suppressed income to the tune of Rs. 90 crore.The Income-tax Department […] 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/tax-dept-conducted-search-operation-on-2-real-estate-groups-of-bengaluru-and-hyderabad/ Powered by Jetpack

posted: "In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, the RBI has decided to put in place an additional arrangement for invoicing, payment, and settlement " Gupta Chandan & Associates RBI allows international trade settlement in Indian Rupees Jul 12 In order to promote growth of global trade with emphasis on exports from India and to support the increasing interest of global trading community in INR, the RBI has decided to put in place an additional arrangement for invoicing, payment, and settlement of exports / imports in INR. Accordingly, for settlement of trade transactions with […] 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-allows-international-trade-settlement-in-indian-rupees/ Powered by Jetpack

posted: "INCOME TAX : Where Assessing Officer issued notice under section 148 to assessee to file return on 31-3-2021 and writ applicant, legal representative of assessee, had informed about death of assessee on 22-11-2020, since writ applicant had not surrendered" Gupta Chandan & Associates HC slams AO for issuing notice deceased name as legal representative duly informed about assessee's death Jul 12 INCOME TAX : Where Assessing Officer issued notice under section 148 to assessee to file return on 31-3-2021 and writ applicant, legal representative of assessee, had informed about death of assessee on 22-11-2020, since writ applicant had not surrendered to jurisdiction of Assessing Officer by submitting return in response to impugned notice and Assessing Officer […] 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/hc-slams-ao-for-issuing-notice-deceased-name-as-legal-representative-duly-informed-about-assessees-death/ Powered by Jetpack

posted: "The Reserve Bank of India (RBI) has granted in-principle approval to the Fintech major 'Razorpay', Stripe, Pine Labs, and 1Pato operate as a payment aggregator. Earlier, in order to ensure safety of merchants and consumers, the RBI had issued a payment ag" Gupta Chandan & Associates RBI grants in-principal approval to fintech major Razorpay to operate as a payment aggregator Jul 12 The Reserve Bank of India (RBI) has granted in-principle approval to the Fintech major 'Razorpay', Stripe, Pine Labs, and 1Pato operate as a payment aggregator. Earlier, in order to ensure safety of merchants and consumers, the RBI had issued a payment aggregator framework in March 2020 stating that payment gateways will be mandated to have […] 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-grants-in-principal-approval-to-fintech-major-razorpay-to-operate-as-a-payment-aggregator/ Powered by Jetpack

posted: "COMPANY LAW/SEBI : Appeal against order passed by SAT declining to condone delay of 2030 days in filing appeal in terms of section 15Z against order passed by SEBI was to be rejectedCOMPANY LAW/SEBI : Appeal against order passed by SAT declining to condon" Gupta Chandan & Associates Appeal against SAT's order declining to condone delay of 2030 days in filing appeal against SEBI's order was to be rejected Jul 12 COMPANY LAW/SEBI : Appeal against order passed by SAT declining to condone delay of 2030 days in filing appeal in terms of section 15Z against order passed by SEBI was to be rejectedCOMPANY LAW/SEBI : Appeal against order passed by SAT declining to condone delay of 2030 days in filing appeal in terms of section […] 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/appeal-against-sats-order-declining-to-condone-delay-of-2030-days-in-filing-appeal-against-sebis-order-was-to-be-rejected/ Powered by Jetpack