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2021-TIOL-NEWS-233 Part 2 | October 01, 2021

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TIOL Mail Update
INCOME TAX

2021-TIOL-1596-ITAT-INDORE

Varsha Agarwal Vs ACIT

Whether no addition for undisclosed income can be made in absence of direct material found by the revenue authorities against assessee - YES : ITAT

- Assessee's appeal allowed: INDORE ITAT

2021-TIOL-1595-ITAT-DEL

Lanco Infratech Ltd Vs ACIT

Whether interest on late payment of TDS can be imposed on an assessee where clearance of the assessee's cheque for TDS payment is delayed due to technical error on part of the bank - NO: ITAT

- Assessee's appeal allowed: DELHI ITAT

2021-TIOL-1594-ITAT-ALL

Shanti Devi Vs JCIT

Whether it is fit case for remand where the AO provides no reasons for rejecting the assessee's plea to not seize Stridhan or jewellery upto 500 gms owned by married women, in course of search operations - YES: ITAT

- Matter remanded: ALLAHABAD ITAT

 

 

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NEWS FLASH

Delhi HC allows Delhi to divert ration for home delivery

Tata Sons speculated to be No 1 bidder for Air India

 
TOP NEWS

GST mop-up spikes to Rs 1.17 lakh crore in September month

 
NOTIFICATION / TRADE NOTICE

cess_rate_01

Seeks to amend notification No. 1/2017- Compensation Cess(Rate).

Trade Notice 19

Extension of Date for Mandatory electronic filing of Non-Preferential Certificate of Origin (CoO) through the Common Digital Platform to 31st October 2021

 
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