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2021-TIOL-NEWS-130 Part 2 | June 03, 2021

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INCOME TAX

2021-TIOL-896-ITAT-JABALPUR

Vijay Kumar Mittal HUF Vs ACIT

Whether assessment order passed by AO based on technical approval granted by JCIT u/s 153D without application of mind is a nullity – YES: ITAT

- Assessee's appeals allowed: JABALPUR ITAT

2021-TIOL-895-ITAT-BANG

ACIT Vs Shilpa Medicare Ltd

Whether when assessee files revised return, notice issued u/s 143(2) with reference to original return becomes invalid – NO: ITAT

- Assessee's appeal dismissed: BANGALORE ITAT

2021-TIOL-894-ITAT-DEL

Monila Goel Vs ACIT

Whether question of suppression in valuation of jewellery arises when it is already declared in wealth tax return – NO: ITAT

- Assessee's appeals allowed: DELHI ITAT

 

 

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NEWS FLASH

TCS eyeing zero carbon emissions by 2030

Biden heading to inject USD 190 bn into R&D with bipartisan support in Congress

Smuggling through courier route - IGI Airport Customs seizes iPhone worth Rs 3 Crore, shipped from Riyadh + BSF seizes 56 kg heroin on border in Rajasthan

COVID-19 - Delhi lost over 100 doctors in Second Wave

Services sector shrivels in May month - first time in 8 months

 
ORDER

Order 58/2021

Neeraj Prasad, Commissioner GST (Investigation) receives additional charge of Commissioner (Central Excise & Service Tax)

Order 140/2021

Five CBDT Members receive additional charges

 
DEPUTATION POSTS

F.No. 154/001/2021-CMD III (2)/1169

Filling up of various Group-A posts in Unique Identification Authority of India (UIDAI) at its Regional Offices in Guwahati, Bengaluru and Mumbai on deputation basis

F.No. 500/02/2016-US-FT&TR-II(Pt.-2)

Filling up the post of officers at the level of Under Secretaries/DCIT(OSD) in FT&TR Division, CBDT

 
GUEST COLUMN

By S Murugappan

Yogakshemam Vahamyaham - Oxygenating taxation statutes

IN levying taxes and in shearing sheep it is well to stop when you get down to the skin - Austin O' Malley - Ophthalmologist and Professor of English literature.

The authority to levy taxes and to provide exemption from payment of taxes, when needed, are traceable to the sovereign power vested with a State. Tax and equity...

 
TOP NEWS

ADB, India sign agreement for road upgradation project in Sikkim

PM reviews preparation for Tokyo Olympics

50,000 startups recognised by DPIIT: Commerce Ministry

India's services exports jump 6.4% in May

Centre signs deal with Biological-E to reserve 30 cr Covid vaccine doses

Kerala top performer, Bihar worst in Niti Aayog's SDG India Index

 
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