2021-TIOL-NEWS-221 Part 2 Dated: Friday, September 17, 2021

2021-TIOL-NEWS-221 Part 2 | September 17, 2021

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INCOME TAX


	2021-TIOL-1522-ITAT-JABALPUR Dilip Mehta Vs ACIT Whether burden of proving that income is not taxable because it falls within exemption provided by the Act lies on assessee – YES: ITAT. - Assessee's appeal partly allowed: JABALPUR ITAT 2021-TIOL-1521-ITAT-PUNE DCIT Vs Force Motors Ltd Whether for purposes of weighted deduction claim u/s 35(2AB), IT (10th Amendment) Rules w.e.f. 01.07.2016 are applicable prospectively – YES: ITAT. - Revenue's appeal dismissed: PUNE ITAT 2021-TIOL-1520-ITAT-AGRA Waheguru Business Pvt Ltd Vs DCIT Whether before rejecting application for condonation of delay CIT (A) must examine the facts brought by assessee in support of not furnishing the appeal within the statutory period and pass reasoned order - YES : ITAT - Matter remanded: AGRA ITAT

NEWS FLASH

Council not ready for inclusion of petro products under GST

GST rate on renewable equipment goes up to 12%

All sorts of pens to attract uniform rate of 18%

Inverted duty structure: Correction approved for footwear & textile sectors from Jan, 2022

National permit fee on goods carried by freight trains exempted from GST

Import of aircraft on lease exempted from IGST

GST Council grants exemption & concessional rates for many Covid & Cancer drugs

GST rate reduced on biofuel from 12% to 5 %

TOP NEWS

Edible oil prices drop, on heels of duty rate slash

Railways unveil scheme to provide entry-level training

Centre releases Rs 2427 crores grant for Urban Local Bodies

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