2022-TIOL-NEWS-255 Part 2 Dated : Tuesday, November 01, 2022

2022-TIOL-NEWS-255 Part 2 | November 01, 2022

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	2022-TIOL-1250-ITAT-PUNE Solapur Sugar Ltd Vs ACIT Whether for allowing expenses u/s 35D, there has to be a direct nexus between such capitalisation of pre-operative expenses to the concerned asset - YES: ITAT - Assessee's appeal dismissed: PUNE ITAT 2022-TIOL-1249-ITAT-CHD Shiv Nath Vs ITO Whether no addition of deposits can be made considering purpose for which assessee is working hard and collecting savings in form of deposits - YES : ITAT - Assessee's appeal allowed: CHANDIGARH ITAT 2022-TIOL-1248-ITAT-CHD DCIT Vs S D College of Educational Society (REGD) Whether when surplus funds generated by charitable society are used for charitable purposes, then exemption u/s 11 should not be denied - YES: ITAT - Revenue's appeal dismissed: CHANDIGARH ITAT 2022-TIOL-1247-ITAT-MUM Sapphire Land Development Pvt Ltd Vs DCIT Whether assessee fails to demonstrate no interest bearing borrowed funds are used for investments - YES : ITAT - Assessee's appeal partly allowed: MUMBAI ITAT

NEWS FLASH

SC to hear PIL on Morbi bridge collapse

Former Tata Steel MD J Irani passes away

TOP NEWS

GST - October collections peak to Rs 1,51700 crore - second highest till date

Railways earns Rs 92345 Cr from freight loading till October

CIRCULAR

Condonation of delay under section 119(2)(b) of the Income-tax Act, 1961 in filing of Form No.10A

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