2021-TIOL-NEWS-184 Part 2 Dated:Thursday, August 05, 2021

2021-TIOL-NEWS-184 Part 2 | August 05, 2021

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INCOME TAX


	2021-TIOL-1282-ITAT-DEL DCIT Vs Godhuli Vanijya Pvt Ltd Whether in case of person other than searched person, concluded assessment can be tinkered with only if incriminating material is found pertaining to other person – YES: ITAT. - Revenue's appeal dismissed: DELHI ITAT 2021-TIOL-1281-ITAT-DEL Karna Singh Vs ACIT Whether period in respect of capital asset for purpose of computing capital gains/losses must be considered from date of allotment letter – YES: ITAT. - Assessee's appeal partly allowed: DELHI ITAT 2021-TIOL-1280-ITAT-DEHRADUN Directorate Animal Husbandry Vs ITO Whether non-cooperation of assessee's counsel in filing appeal within prescribed time is a sufficient cause to condone delay – YES: ITAT. - Matter remanded: DEHRADUN ITAT

MISC CASE

2021-TIOL-1629-HC-MAD-VAT

Anjappar Chettinad Vs Assistant Commissioner (ST)

Whether it is fit case for remand where assessment order is passed ex parte without considering the assessee's reply to show cause notice or without granting a personal hearing - YES: HC

- Writ petitions disposed of: MADRAS HIGH COURT

NEWS FLASH

Govt tables Taxation Laws Amendment Bill 2021 - deletes amendment made to Sec 9 in 2012 relating to indirect transfer of an asset or a capital asset situated in India; inserts Explanations + also amends Sec 119 in Finance Act, 2012

Ravi Kumar Dahiya wins Silver medal in Men's 57 kg Freestyle category at Olympics

Mauritius says no island offered to India to build military base

BILL


	Taxation Laws (Amendment) Bill, 2021

CIRCULAR

rbi21cir08

Exim Bank's Government of India supported Line of Credit (LoC) of USD 30.00 million to the Government of the Republic of Sierra Leone

TOP NEWS

I-T - Bill tabled to delete retro amendment in Sec 9; 17 MNCs to be benefited

Govt favours high-tech measures for improvement in Aviation Sector

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