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2021-TIOL-NEWS-293 Part 2 | December 13 2021
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INCOME TAX

2021-TIOL-2287-HC-AHM-IT

Pr.CIT Vs Denisha Rajendra Keshwani

Whether CBDT Circular dated 06.09.2019 r.w. OM dated 16.09.2019 is applicable to appeals filed on or after 16.09.2019 by Revenue, where tax effect may be low but appeal can still be filed on merits – YES: HC

- Revenue's Appeal dismissed: GUJARAT HIGH COURT

2021-TIOL-2286-HC-RAJ-IT

Sushil Gupta Vs ACIT

Whether revenue authorities can initiate reassessment proceeding on or after 01.04.2021, only as per substituted law u/s 148A and not pre-existing laws – YES: HC

- Assessee's Petition allowed: RAJASTHAN HIGH COURT

 

 

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NEWS FLASH

Oxford Study reveals two jabs do not provide protection against Omicron

UK reports first death from Omicron + WHO DG urges for more finance for global body

Mumbai Police rescues 17 women from hidey-hole of dance bar in Andheri

Statues of Bharat Mata & Adi Shankaracharya installed at Vishwanath Dham

Sri Lankan President puts Parliament in abeyance before taking off for Singapore

China reports new sub-lineage of Delta variant

Haranaaz Sandhu crowned as Miss Universe 2021

 
TOP NEWS

Demat accounts double in 3 years to 7.38 Cr

Carbon offsetting norms to apply from 2027 to Indian Operators

Foreign-trained pilots account for 40% of total licences issued: MoS

GST - Tax Evasion of Rs 3,500 Cr - Rs. 460 Cr recovered

CSR - Oil PSUs have spent Rs 5582 Cr

 
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