2021-TIOL-NEWS-200 Part 2 Dated: Tuesday, August 24, 2021

2021-TIOL-NEWS-200 Part 2 | August 24, 2021

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INCOME TAX


	2021-TIOL-1377-ITAT-RAJKOT Yannaben Anilbhai Jethani Vs ITO Whether penalty initiated and levied u/s 18(1)(c) of the Wealth Tax Act, without clearly specifying particular default relates concealment of wealth and/or furnishing of inaccurate particulars is valid in law - NO : ITAT - Assessee's Appeal Allowed: RAJKOT ITAT 2021-TIOL-1376-ITAT-KOL Sunshine Tracon Pvt Ltd Vs Pr.CIT Whether revisionary power u/s 263 can be exercised as order passed by the AO is without making enquiries or verifications, which should have been made - YES : ITAT - Assessee's appeal dismissed: KOLKATA ITAT 2021-TIOL-1375-ITAT-DEL DCIT Vs UT Starcom Inc Whether liquidated damages are deductable expenditure -YES: ITAT - Revenue's appeal dismissed: DELHI ITAT

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SBI projects 18.5% economic growth rate in Q1

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EVs & future BaaS model - In search of certainty

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CHARGING infrastructure inexorably shapes the discourse on Electric Vehicles (EVs). It remains a cause of concern for both the demand side of the market...

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Niti Aayog, World Resources Institute join hands to reduce GHG emissions in Asia

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