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2022-TIOL-NEWS-228 Part 2 | September 28, 2022

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TIOL AWARDS

 
INCOME TAX

2022-TIOL-1233-HC-DEL-IT

Pr.CIT Vs Roop Kishore Madan

Whether when source of unsecured loans and cash deposits stands sufficiently explained, no addition is permitted u/s 69C - YES: HC

- Revenue's appeal dismissed: DELHI HIGH COURT

2022-TIOL-1095-ITAT-VARANASI

Sanjai Kumar Gupta Vs ITO

Whether it is fit case for remand where additional evidence filed by assessee before ITAT warrants verification by the lower authorities - YES: ITAT

- Matter remanded: VARANASI ITAT

 
MISC CASE

2022-TIOL-1234-HC-MAD-VAT

R K Knits Vs ACCT

Whether the writ of mandamus be issued directing the respondent to refund the amount of ITC on the ground that there was nil output tax liability of the assessee - YES: HC

- Petition allowed: MADRAS HIGH COURT

 

 

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NEWS FLASH
 

Union Cabinet okays 4% hike in DA for Govt employees

27 burnt to death in restaurant fire in China

White House announces billion-dollar plan to end obesity and hunger

NATO says Pak Army, Taliban promoting narco trade

Rising bond yields and appreciating US Dollar hammers down gold prices

 
TOP NEWS
 

Cabinet approves redevelopment of New Delhi, Ahmedabad & Shivaji Maharaj Terminus

Centre extends PMGKAY for another three months

Cabinet approves release of additional DA

Cabinet okays pact with Bangladesh for drawing water from river Kushiyara

 
ORDER
 

CBIC issues transfer-cum-posting order of 96 Commissioners

 
NOTIFICATION
 

cnt80_2022_corrigendum

Corrigendum to Notification No. 80/2022-Customs (N.T.), dated the 21st September, 2022

Trade Notice 17

Implementation of Notification No. 31/2015-20 dated 08.09.2022 regarding Export of Broken Rice

dgft22not036

Amendment in Import Policy Condition under ITC(HS) 0802 80 10 of Chapter 08 of ITC(HS) 2022, Schedule - I (Import Policy)

dgft22pn025

Procedure for Registration Certificate for Import of Fresh (green) Areca Nut from Bhutan without Minimum Import Price (MIP) condition

 
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