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2022-TIOL-NEWS-240 Part 2 | October 13, 2022
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TIOL Mail Update
TIOL AWARDS

 
INCOME TAX

2022-TIOL-1162-ITAT-AHM

Kamlesh Jayantilal Jhaveri Vs ITO

Whether trading loss incurred in sale of gold and diamonds to closely held/related parties, cannot be disallowed, if transactions are audited and fully supported by bills & vouchers through banking channels - YES: ITAT

- Assessee's appeal allowed: AHMEDABAD ITAT

Jaico Automobile Engineering Company Pvt Ltd Vs DCIT

Whether when order of CIT(A) itself has not been served to assessee, it cannot be held that there was delay in filing of appeal before Tribunal - YES: ITAT

- Matter remanded: BANGALORE ITAT

Ashoksinh Indrasinh Kumpavat Vs ITO

Whether sufficiency of material for forming belief of escapement of income, calls for no interference in reopening order - YES: ITAT

- Assessee's appeal dismissed: AHMEDABAD ITAT

  

 

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NEWS FLASH
 

Mumbai AIU seizes gold worth Rs 7.9 Cr in 4 cases; 7 pax nabbed

UP to set up Rs 400 Cr Innovation Fund

US inflation rises by 0.4% in Sept month; Fed expected to hike rate again

SC to refer hijab in schools issue to larger bench

CGST Alway books M/s Hi-Tech Gears for misclassification; recover Rs 3.7 Crore in taxes

ED arrests two Chhattisgarh-cadre IAS officers in PMLA case

PM flags off Una to Delhi Vande Bharat + President Murmu green-signals Agartala to Kolkata special train

 
TOP NEWS
 

PM lays foundation stone of Bulk Drug Park in Una

All India Conference of Law Ministers and Law Secretaries to begin on Friday in Gujarat

PM GatiShakti to save over Rs 10 Lakh Crore annually by improving logistics efficiency: Goyal

 
COB(WEB)
 
 

Redder than Red! Tale of melting 'Iceberg' of Xi Jinping craving to be Napoleonic!

 
DGFT NOTIFICATION
 
 

dgft22not038

Export quota of only broken rice (HS code 1006 40 00) for the year 2022-23

  
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