2021-TIOL-NEWS-151 Part 2 Dated: Monday, June 28, 2021

2021-TIOL-NEWS-151 Part 2 June 28, 2021

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INCOME TAX


	2021-TIOL-1060-ITAT-AHM DCIT Vs Raj Jay Investment Pvt Ltd Whether if interest income is more than interest expenses, and assessee is having net positive interest income, the interest expenditure can not be considered for disallowance u/s 14A - YES : ITAT - Revenue's appeals dismissed/Assessee's appeal partly allowed: AHMEDABAD ITAT 2021-TIOL-1059-ITAT-BANG Mohammed Sharaq Vs ITO Whether when tax liability on impugned issue is less than Rs. 10 lakhs, AO can make addition beyond the matter he has selected for limited scrutiny – YES: ITAT - Assessee's appeal dismissed: BANGALORE ITAT 2021-TIOL-1058-ITAT-CHD ITO Vs Rachna Arora Whether assessee is entitled to benefit of exemption u/s 54B only on amount invested by him after sale of his original property – YES: ITAT - Revenue's appeal dismissed: CHANDIGARH ITAT

GST CASE

2021-TIOL-1394-HC-MAD-GST

ONGC Civil Contractors Association Nagapattinam Vs UoI

GST - The petitioner filed a Writ of Declaration, declaring that Sections 65 (30a), 65(105) (zzq), 66 and 67 of Chapter V of Finance Act, 1994 are unconstitutional, in so far as, they attempt to levy service tax on composite contract of civil construction of materials supplied and labour in its entirety - Contractors Association cannot maintain a Writ Petition and the aggrieved members with reference to the provisions of the Act alone is competent to file a Writ Petition and thus, the Writ Petition itself is not entertainable: HC

- Writ petition disposed of: MADRAS HIGH COURT

NEWS FLASH

Fin Min announces stimulus package of Rs 628993 crores to bolster economy in combat against COVID

IGI Airport Customs nabs two South African nationals with heroin worth Rs 126 Crore

Third dose of AstraZeneca after 6 months much more effective: Study

Over 51% Mumbai kids have COVID antibodies: Sero Survey

FM lists out details of Rs 6.29 lakh crore economic stimulus package to cushion COVID-scarred economy + Govt to provide free visa to 5 lakh tourists + Rs 23220 Crore more earmarked for public health

Govt appoints Justice Ravi Vijaykumar Malimath as HP High Court CJ

India test-fires N-capable ballistic missile ‘Agni Prime'

ORDER

File No.I/(12)/42/2021-ADMN-O/o Pr ADG-DGGST-HQRS-DELHI

GST Day - CBIC to give commendation certificate to 32 officers

Office Order No 68 of 2021

CBIC issues transfer order of 8 Pr Commissioners

TOP NEWS

COVID bolstered PPP model in healthcare: MoS

Health Minister chairs 29th meeting of Group of Ministers on COVID-19

Justice Ravi Vijaykumar Malimath to officiate as Chief Justice of HP High Court

'Statistics Day' to be celebrated on June 29, 2021

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