2021-TIOL-NEWS-012 Part 2, Dated: Thursday, January 14, 2021

2021-TIOL-NEWS-012 - PART 2 | January 14, 2021

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INCOME TAX


	2021-TIOL-113-HC-AHM-IT All Gujarat Federation of Tax Consultants Vs UoI Whether the intervention of the High Court is warranted in respect of extension of deadlines for filing Income Tax Returns & Tax Audit Returns, where the CBDT has in its professional wisdom chosen to not further extend the dates for the same, after weighing all relevant issues affecting the taxpayers & the Department - NO: HC - Writ petition dismissed: GUJARAT HIGH COURT 2021-TIOL-112-HC-MUM-IT Tata Communications Ltd Vs UoI Whether Department should disburse refund dues to the taxpayer once it is processed, and must not withhold it on grounds of technical issues - YES: HC - Assessee's petition partly allowed: BOMBAYI HIGH COURT 2021-TIOL-99-ITAT-MUM Sarovar Hotels Pvt Ltd Vs DCIT Whether loss of assessee on account of a specified business claiming deduction u/s 35AD is to be allowed to set off against the profit of another specified business - YES : ITAT - Assessee's appeal allowed: MUMBAI ITAT

NEWS FLASH

Supreme Court Bar Association president Dushyant Dave puts in paper

Delhi lifts ban on sale and storage of poultry or processed chicken meat

CIRCULAR

Transhipment of Import & Export Cargo via Sri Lanka and Bangladesh-Waiver of bank guarantee

F.No.450/96/2020-Cus-IV

Requirement of filing of Bill of Coastal Goods (BCG)

TOP NEWS

PM Modi to address Startup India International Summit on January 16

Ministry of Steel, ISA organising webinar on steel-intensive construction

December wholesale inflation slows to 1.22%

India allocates 1.65Cr doses ahead of COVID-19 vaccine drive from Jan 16

India reports 16,946 new COVID-19 cases, 198 fatalities

Coastal defence exercise Sea Vigil 21 concludes

ORDER

CBIC notifies deputation orders for 5 officers

Abhai Kumar Shrivastava given additional charge of DG, NACIN, Bhopal ZTI

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