2021-TIOL-NEWS-183 Part 2 Dated: Wednesday, August 04, 2021

2021-TIOL-NEWS-183 Part 2 | August 04, 2021

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INCOME TAX


	2021-TIOL-1276-ITAT-PUNE Bank Of India Vs ITO Whether order passed u/s 201(1) is sustainable where passed beyond period of 2 years from end of FY in which the last TDS statement was filed - NO: ITAT - Assessee's appeal allowed: PUNE ITAT 2021-TIOL-1275-ITAT-CHD Lalit Kumar Bansal Vs Pr.CIT Whether sec. 263 empowers PCIT to rectify each and every mistake in assessment order – NO: ITAT - Assessee's appeal allowed: CHANDIGARH ITAT 2021-TIOL-1274-ITAT-JAIPUR ACIT Vs Shiv Edibles Ltd Whether to frame assessment on best judgment u/s 145(3) r/w sec. 144, assessee's past history is only relevant when conditions in which business activity is being conducted are similar to those of earlier period – YES: ITAT - Revenue's appeal dismissed: JAIPUR ITAT

NEWS FLASH

Indian websites confronted 17 lakh cyberattacks in 18 months: Govt

Govt gives approval to Jhunjhunwala-backed Akasa Air - a new airline

ED arrests Gautam Thapar in PMLA case

India trying for UNSC permanent membership through G-4 and L-69 countries groupings

No proposal to set up Integrated Check Post at Shikarpur in Nadia district in WB: MoS

Gulf countries in consultation with Indian embassies restore pre-COVID minimum referral wages

India repatriated 60 lakh people under Vande Bharat Mission till April 30, 2021: MEA

Boxer Lovlina ends up bagging Bronze Medal at Olympics

COVID-19 - China reports 71 cases - highest since January!

TRADE NOTICE

Trade Notice 13

Uploading of e-BRC by 15.09.2021 for shipping bills with LEO upto 31.03.2020 on which RoSCTL scrip has been claimed from DGFT RAs

TOP NEWS

CBIC launches Compliance Information Portal for 12K Customs Tariff Items

Cabinet okays Scheme for Fast Track Courts for further 2 years

Govt making all efforts to reduce crude oil imports

PHD favours early rejig of GST tax rates structure

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