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2022-TIOL-NEWS-117 Part 2 | May 20, 2022
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TIOL AWARDS



 
INCOME TAX

2022-TIOL-515-ITAT-MUM

Late Shri Sawarmal Hisaria Vs DCIT

Whether addition made by AO in absence of any incriminating material, merely on basis of suo-motu disclosure made before ITSC is not sustainable - YES: ITAT

- Assessee's appeal allowed: MUMBAI ITAT

2022-TIOL-514-ITAT-MUM

Deepak Valji Karia Vs ITO

Whether assessment order, made on basis of statements recorded from third parties that are neither provided nor cross-examination is given to assessee, is bad in law - YES: ITAT

- Assessee's Appeal allowed: MUMBAI ITAT

2022-TIOL-513-ITAT-MUM

DCIT Vs Macrotech Developers Ltd

Whether journal entries routed under bona fide belief on account of reasonable cause attracts penalty - No- ITAT

- Revenue's appeals dismissed: MUMBAI ITAT

 

 

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CIRCULAR

rbi22cir03

Government of India guaranteed term loan extended by SBI to the Government of Sri Lanka- Settlement in INR

 
INSTRUCTION

F. No. 450/89/2022-Cus-IV

Amendment in Export Policy of Wheat

 
PUBLICE NOTICE

dgft22pn009

Enlistment of an Agency and amendment in details of an authorized agency under Appendix 2E of FTP, 2015-2020 - authorized to issue Certificate of Origin (Non-preferential)

 
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