News Update

Spain decides to reduce working week to 37.5 hoursI-T - Where property is held jointly but only one co-owner reaps benefit of income from such property, then other co-owner cannot be held liable to pay tax merely by virtue of co-ownership: HCSpain decides to reduce working week to 37.5 hoursI-T- Assessment order invalidated where passed by officer who is different from officer who gave assessee a personal hearing: HCBudget adds 2 types of shuttle-less looms to list of fully exempted textile machineryRobbery bid at Saibaba temple in Maharashtra - 2 employees of Trust stabbedI-T - Cash in bank account is 'property' liable for provisional attachment u/s 281B: HCIndia rises to become World's 2nd largest mobile manufacturer: VaishnawI-T - No addition can be made purely on account of assumptions, disregarding audited books of accounts: ITATGovt announces selected applicants under Category-II of Financial Incentive SchemeI-T - If assessee has brought on record voluminous details of incurring expenditure, then assessee could not be held responsible for vendors not appearing in person before AO: ITATTRAI releases recommendations on Frequency Spectrum for IMTI-T - Sec 68 can't be invoked to assail capital gain transaction unless some new material of incriminating nature has been discovered in course of search: ITATRegistration closing for TruthTell Hackathon before 21st FebI-T - Assessee's appeal be allowed in cases where there is no intentional or deliberate attempt on his part in filing the appeal belatedly: ITAT
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Former Prime Minister, Dr Manmohan Singh, delivering his Award Acceptance Speech after receiving TIOL Fiscal Heritage Award 2022 on Nov 8 at Taj Palace, New Delhi



Technical Session I - Ease of Doing Business: GST on Digital Economy