2023-TIOL-NEWS-037 Part 2 Dated : Tuesday, February 14, 2023

2023-TIOL-NEWS-037 Part 2 | February 14, 2023

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INCOME TAX


	2023-TIOL-183-ITAT-KOL DCIT Vs Shristi Ispat And Alloys Ltd Whether genuine commodity profit could not be treated as 'unexplained cash credit' u/s 68, if genuineness of transaction is not doubted - YES: ITAT - Revenue's appeal partly allowed: KOLKATA ITAT 2023-TIOL-182-ITAT-KOL Premier Irrigation Adritec Pvt Ltd Vs ACIT Whether once deductee pays due taxes, deductor is absolved from said tax liability but not of interest liability on delayed payment - YES: ITAT Whether interest payment on delayed deposit of Income Tax, whether TDS or otherwise, is not allowable expenditure - YES: ITAT - Assessee's appeal dismissed: KOLKATA ITAT 2023-TIOL-181-ITAT-CHD Talwar Jewellers Vs ACIT Whether AO erred in making an adverse finding without providing the assessee an opportunity of cross examination - YES: ITAT - Assessee's appeal allowed: CHANDIGARH ITAT

NEWS FLASH

India to achieve ethanol-blended petrol goal by 2025: HM

DGFT amends import conditions for areca and betel nuts + restricts export of biomass

RBI asks digital lenders to furnish borrowers list of recovery agents

Kolkata Airport Customs nabs 3 Bangladeshi pax with FC worth Rs 1.65 Cr

Brawl over Adani Group - SEBI tell SC probe is on

Toyota honorary Chairman S Toyota, 97, passes away

UK economist says Brexit cost loss of Rs one lakh to each household

Musk is afraid of Starlink service in Ukraine sparking world war

Statehood to J&K only after Assembly polls to be decided by EC: HM

India urges China to accept losses on loans given to sinking economies

Shooting at Michigan State University - 3 killed

TOP NEWS


	India offers enhanced defence partnership to friendly countries: RM

NOTIFICATION

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Enlistment of PSIA under Para 2.55 of Handbook of Procedure 2015-2020

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Procedure for allocation of quota, for year 2023-24, for import of (i) Calcined Pet Coke for Aluminium Industry and (ii) Raw Pet Coke for CPC manufacturing industry

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Amendment in import policy and policy condition of ITC (HS) Code 080280 of Chapter-08 and ITC (HS) Code 2106 90 30 of Chapter-21 of ITC (HS), 2022, Schedule-I (Import Policy)

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Amendment in Export Policy of Biomass

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