Click here to view this Mail Update in your browser.
Like TIOL on Facebook Follow TIOL on TwitterSubscriber TIOL on YouTube

2022-TIOL-NEWS-242 Part 2 | October 15, 2022
Dear Member,

,Sending following links.

Warm Regards,
TIOL Content Team


TIOL PRIVATE LIMITED.

For assistance please call us at + 91 7838594749 or email us at helpdesk@tiol.in.
TIOL Mail Update
TIOL AWARDS

 
INCOME TAX

2022-TIOL-1174-ITAT-MUM

DCIT Vs Vijay Kumar Thakkar

Whether addition for undisclosed income can be made merely based on retracted statement - NO : ITAT

- Revenue's appeal dismissed: MUMBAI ITAT

Udai Singh Tawar Vs ITO

Whether addition framed on account of cash in hand is valid where the AO does not make any independent inquiry & proceeds solely on the basis of cash deposited in assessee's bank a/c, more sos where assessee duly proves genuineness of such cash - NO: ITAT

- Appeal allowed: JAIPUR ITAT

Neptune Polymers Pvt Ltd Vs ITO

Whether in absence of production of books of account, CIT (A) is reasonable in restricting net profit estimation @ 2.5% of total turnover - YES : ITAT

- Assessee's appeal dismissed: AHMEDABAD ITAT

Jain Peripherals Pvt Ltd Vs DCIT

Whether merely because Assessee has claimed expenditure which claim is not accepted by revenue, by itself does not attract penalty u/s 271(1)(c) - YES : ITAT

- Assessee's appeal allowed: DELHI ITAT

 

 

Download on the App Store
Get it on Google play

 


NEWS FLASH
 

Govt mulling over allotment of Aadhar number for newborns

Biden dubs Pakistan as ‘one of most dangerous nations' in the world

PM urges States to let go regressive colonial laws

Govt notifies wage revision for employees of General Insurance companies

Setback for Facebook as SC tosses out plea to halt CCI probe into WhatsApp's privacy policy change

Singapore unfolds USD 1 bn inflation relief package

Mega mine blast in Turkey - 25 killed

Pak seeks restructuring of USD 27 bn Chinese debt

Chinese social media pays tributes to mysterious protester for standing against Xi Jinping

Video of Iranian Police slamming a woman angers social media

Musk develops cold feet on providing free internet to Ukraine; Pentagon steps in

Profits of largest American banks nosedive

Saudi Arabia offers USD 400 mn humanitarian aid to Ukraine

Murdoch proposes merger of Fox & News Corp

Tata Power reports intense cyberattacks on IT-infra

Liz Truss now says her Govt to gin up corporate tax rate

 
TOP NEWS
 

Faridabad CGST sleuths bust racket of illegal fire-crackers

CCI flags competition issues in Film Distribution Chain in India

DoT receives 100 registrations for M2M Service Provider

Standards are key to bringing innovations in manufacturing: Goyal

 
NOTIFICATION
 

dgft22not039

Amendment in Export Policy of items under HS code 1101

it22not115

CBDT grants Sec 10 exemption to Norges Bank Pension Fund Global

 
TIOL PRIVATE LIMITED.
TIOL HOUSE, 490, Udyog Vihar, Phase - V,
Gurgaon, Haryana - 122001, INDIA
Web: https://taxindiaonline.com
Email: updates@tiol.in
__________________________________
CONFIDENTIALITY/PROPRIETARY NOTE.
The Document accompanying this electronic transmission contains information from TIOL PRIVATE LIMITED., which is confidential, proprietary or copyrighted and is intended solely for the use of the individual or entity named on this transmission. If you are not the intended recipient, you are notified that disclosing, copying, distributing or taking any action in reliance on the contents of this information is strictly prohibited. This prohibition includes, without limitation, displaying this transmission or any portion thereof, on any public bulletin board. If you are not the intended recipient of this document, please return this document to TIOL PRIVATE LIMITED. immediately
Click here to view this Mail Update in your browser.