2022-TIOL-NEWS-073 Part 2Dated: Wednesday, March 30, 2022

2022-TIOL-NEWS-073 Part 2 | March 30, 2022

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TIOL AWARD

INCOME TAX


	2022-TIOL-336-ITAT-CHD Ashwani Marwah Vs Pr.CIT Whether order passed by AO without making proper enquiries and verification is erroneous and prejudicial to interest of Revenue as per Explanation 2 to sec. 263 – YES: ITAT. - Appeal dismissed: CHANDIGARH ITAT 2022-TIOL-335-ITAT-AHM Ashok Travels Vs ITO Whether no disallowance of interest expenses on loan can be made when assessee has sufficient amount of fund available to justify interest-free loans and advances - YES : ITAT - Matter remanded: AHMEDABAD ITAT 2022-TIOL-334-ITAT-AHM Aniruddh Rinki Gandhi Vs DCIT Whether claim of deduction u/s 54F can be allowed as assessee has reinvested sale considerations immediate on receipt for construction of residential house - YES : ITAT - Assessee's appeal allowed: AHMEDABAD ITAT

NEWS FLASH


	CCS okays buy of 15 Light Combat Copters for Rs 3887 Crore Bihar CM wishes to be Rajya Sabha Member some day Chinese Foreign Minister says Beijing to deepen bilateral ties with Russia Gadkari says 6 airbags to be made mandatory for all vehicles India to unfold indigenously-developed 4G Network soon; 5G by year-end: Minister Russian Foreign Minister to be in New Delhi on two-day tour DRDO successfully test-fires two more surface-to-air missiles Union Cabinet okays 3% hike in DA for Govt employees

TOP NEWS


	CCEA approves 3 yrs extension to mega power projects Cabinet approves Rs 6000 Cr for 'Raising & Accelerating MSME Performance' Direct flight between Bhopal and Chennai flagged-off Cabinet okays 3% hike in DA from Jan 1, 2022

NOTIFICATION


	it22not17 Linking Aadhar to PAN - CBDT notifies late fee of Rs 500 and Rs 1000 it22not18 CBDT notifies e-assessment of Income Escaping Assessment Scheme 2022 it22not19 CBDT notifies Faceless Inquiry or Valuation Scheme

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