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2021-TIOL-NEWS-027 Part 2 | February 02, 2021

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INCOME TAX

2021-TIOL-247-HC-DEL-IT

Sarita Puri Vs Pr CIT

Whether the High Court's intervention is warranted where an assessee also has available the option of appeal, as provided for by the I-T Act - NO: HC

- Writ petition disposed of: DELHI HIGH COURT

2021-TIOL-246-HC-AHM-IT

Trust For Reaching The Unreached Vs CIT

Whether benefit of exemption u/s 12 can be denied to a charitable trust merely for the reason of delay in filing the audit report - NO: HC

- Assessee's appeal allowed: GUJARAT HIGH COURT

2021-TIOL-245-HC-KAR-IT-LB

Dell India Pvt Ltd Vs JCIT

Whether reason to believe" in the context of Section 147 of the Income Tax cannot be based on mere change of opinion of the Assessing Officer - YES: HC Larger Bench

- Reference in favour of Assessee: KARNATAKA HIGH COURT

 

 

 

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NEWS FLASH

CBIC notifies fresh tariff value of silver

COVID-19 - Japan likely to extend state of emergency for few more weeks + UK goes for door-to-door testing as new variants detected

India to export defence goods worth Rs 1.75 lakh in 4 years: Raksha Mantri

 
NOTIFICATION

cnt13_2021

CBIC notifies fresh tariff value of silver

 
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