2021-TIOL-NEWS-191 Part 2 Dated: Friday, August 13, 2021

2021-TIOL-NEWS-191 Part 2 | August 13, 2021

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INCOME TAX


	2021-TIOL-1325-ITAT-DEL Chand Singh Vs DCIT Whether re-opening of assessment can be sustained where the AO omits to fulfil the statutory mandate of disposing of the assessee's objections to the re-assessment proceedings - NO: ITAT - Assessee's appeals allowed: DELHI ITAT 2021-TIOL-1324-ITAT-MUM ITO Vs Manoj Vasudev Wadhwa Whether loss incurred by the assessee based on delivery can be part of speculative transactions as per the provisions of section 43(5)(d) of the Act - NO: ITAT - Revenue's appeal partly allowed: MUMBAI ITAT 2021-TIOL-1323-ITAT-HYD ITO Vs Mayuri Constructions Whether re-opening of assessment is valid where cash payments over Rs. 20,000/- made by assessee escape scrutiny u/s 40A - YES: ITAT - Revenue's appeal allowed: HYDERABAD ITAT

NEWS FLASH

Wockhardt to manufacture and sell Sputnik vaccine + 553 children infected by COVID-19 in Bangalore city

Gluttonous Delta - Sydney goes for Addl forces of Army to manage transmission

COVID-19 Origin - WHO pleads for more data; China roars back - No need!

PM says Vehicle Scrappage Policy to be critical in waste to wealth management

Assam Govt takes a leaf from Centre; hikes DA for own employees up to 28%

SEBI comes down heavily on 15 ‘cells' of Zee Ltd for insider trading; Rs 24 Cr impounded

UK GDP leaps by 4.8% in Q1 but economy remains 4.4% smaller than pre-Pandemic

Parking crisis - Mumbai HC disfavours one flat owning 4-5 cars

US Decadal Census - White population size declines; Cultural and racial diversity multiplies

GUEST COLUMN

Understanding the taxability of income from Cryptocurrency

By Ravi Raghavan, Parvathy R. Kartha & Laksh Manocha

THERE has been a lot of buzz around investing in cryptocurrencies since the last year in the Indian Market and everyone is intrigued by what the digital currency...

ACT


	Delhi Goods and Services Tax (Amendment) Act, 2021

ORDER

Order 203

CBDT issues transfer order of 184 + 20 OSD cases at Additional & JCIT-level

TOP NEWS

Govt. to phase out identified single use plastic items by 2022

Coal India Ltd goes 'Green' to speard environmental awareness

Aviation Ministry announces operation of new Indigo flights in MP with daily frequency

Amrit Mahotsav to canvas unique apples exported to Bahrain

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