2022-TIOL-NEWS-050 Part 2 Dated: Tuesday, March 01, 2022

2022-TIOL-NEWS-050 Part 2 | March 01, 2022

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	2022-TIOL-213-ITAT-PUNE Gurumauli Nagari Sahkari Pat Sanstha Marya Sangola Vs Pr.CIT Whether power of revision is to be exercised where the order passed by AO is based on sound appreciation of settled legal precedents - NO: ITAT - Assessee's appeal allowed: PUNE ITAT 2022-TIOL-212-ITAT-DEL Blossom Landeal Pvt Ltd Vs DCIT Whether addition u/s 153A proceedings can not sustain as addition for unsecured loans is not made on basis of any incriminating material found during the course of search - YES : ITAT - Assessee's appeal allowed: DELHI ITAT 2022-TIOL-287-HC-MAD-IT Hermes I Tickets Pvt Ltd Vs DCIT Whether assessment order merits being quashed where it was passed before the assessee was able to file reply to SCN & where the order assumed there to be unexplained income belonging to the assessee - YES: HC - Writ petition disposed of: MADRAS HIGH COURT

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Indian student killed in cross-shelling in Ukraine; All Indian nationals asked to leave Kyiv urgently

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