2022-TIOL-NEWS-062 Part 2 Dated: Wednesday, March 16, 2022

2022-TIOL-NEWS-062 Part 2 | March 16, 2022

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TIOL AWARD


	Address by Shri Nitin Gadkari at TIOL Awards 2021

INCOME TAX


	2022-TIOL-278-ITAT-DEL Kiran Sales Pvt Ltd Vs ITO Whether failure of assessee to explain source of unsecured loans even after affording adequate opportunity, calls for addition - YES: ITAT - Assessee's appeal dismissed: DELHI ITAT 2022-TIOL-277-ITAT-DEL Mukul Gupta Vs ITO Whether borrowing money at higher rate of interest from related party and lending same at lower rate of interest to unrelated party defies all commercial prudence - YES: ITAT - Assessee's appeal dismissed: DELHI ITAT 2022-TIOL-276-ITAT-MAD Senthil Energy Pvt Ltd Vs ITO Whether when Income tax Act itself talks about installation of windmill, then acquisition of such asset is not material to decide rate of depreciation - YES: ITAT Whether installation of windmills and its acquisition is immaterial to claim depreciation - YES: ITAT - Assessee's appeal allowed: CHENNAI ITAT

NEWS FLASH


	India has granted citizenship to 16 Chinese since 2007; 10 applications hanging fire Zelensky remotely addresses US Congress; harps on demand for no-fly zone over Ukraine & more sanctions Two arrested in Assam with drugs worth Rs 100 Crore WHO shortlists 70 films for 3rd Edition of Health for All Film Festival Nhava Sheva books Bahrain origin Aluminium Oxide Industrial Grade Dross restricted by DGFT policy UN passes Resolution to peddle use of bicycles to contain damage to Climate PM tells Bhagwant Mann - ‘We will work together for Punjab' Sonia, Rahul diss Social Media; say ‘worse for democracy' Scindia asks Airlines to grant paternity leave to staff

TOP NEWS


	5.43 lakh ITRs filed today; Total No spirals to 6.6 Crore Pune Airport to get new terminal building with enhanced capacity PLI GOI SPL FRS 2022 - Repayment to be done on March 30

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